Recently, I've observed a rather counterintuitive phenomenon: the price of USDT has been clearly under pressure due to those 13 regulatory documents, with obvious signs of capital outflow and much heavier selling pressure compared to buying support.

Yet, in the past couple of days, BTC has actually risen against the trend. If you look back at history, you can spot a pattern—every time USDT faces regulatory turmoil and a risk of depegging, Bitcoin prices often rise instead of falling.

The core logic is simple: funds that don't plan to exit need a safe haven, and in the crypto market, BTC remains the most widely recognized safe-haven asset. When trust in stablecoins is questioned, capital naturally flows into this "digital gold."