Have you all noticed that although many people are shouting to buy the dip during the recent big dump, the exchange rate of USDT/CNY has remained stable around 7.1, with no premium occurring.

In the past Crypto market, this was impossible; at the very least, a price of 7.2/7.3 is needed to receive U.

But it has indeed happened now, indicating that there is a limited amount of U in the market buying the dip (the vast majority of people dare not buy), while there are also no new entrants from outside the market.

Who will take the blame in the end? Where will the market go from here? To be honest, I am quite pessimistic right now.