Since the recent joint statement by 13 departments, the OTC price of USDT against the RMB has been continuously falling, and there are still no signs of stopping.
Compared with stablecoin exchange rates in other countries and regions, there’s basically no fluctuation. So, this round of decline is most likely due to dirty money fleeing the market, combined with some panic selling.
Personal suggestion: Don’t rush to cash out during this period. It’s better to wait and observe for a while—there’s no harm in taking action after the market sentiment stabilizes.
A slightly lower price isn’t the main issue; the real concern at this critical moment is accidentally receiving funds from unknown sources, which could lead to big trouble.
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TopEscapeArtist
· 3h ago
Bearish signals are getting clearer, and the MACD has already formed a death cross. This time, we really have to wait for the stop-loss level to be confirmed.
This is exactly the consequence of buying at the top. The technicals broke down a long time ago, so what was I even thinking?
I believe the story of dirty money fleeing. After a historical high, it’s time to admit defeat—don’t go against the market.
Taking dirty money now really is a landmine. I’d rather miss the rebound than get involved in this mess.
USDT’s current price isn’t actually low. The key is the market cycle hasn’t turned yet. Better wait a bit longer.
Honestly, being addicted to bottom-fishing is deadly. Looking at these technicals, I really don’t dare to take any action now.
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ContractTester
· 12-06 13:14
The judgment that black money is fleeing is plausible, but it feels like no one dares to take over right now.
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Wait, you mean they're afraid of taking black money? These days, even cashing out has become a high-risk move—it's ridiculous.
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It's right to stay on the sidelines; after all, this downturn isn't about technical factors.
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The fact that stablecoins in other regions haven't fluctuated is key—it shows the problem is indeed on this side.
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Seriously, cashing out now doesn't make you quick money and you end up taking the blame—why bother?
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That's why, during this window, it's better to just watch and not mess around.
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Funds of unclear origin could end up being involved in a case; once you're entangled, it's even more trouble.
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USDT has dropped this much, but compared to having your account frozen, it's nothing.
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SerumSqueezer
· 12-06 03:44
This whole "dirty money fleeing" theory seems a bit presumptuous to me. I think it's simply that panic selling pressure is too heavy.
But wait, the issue of getting caught taking dirty money really is something to worry about. The more you think about it, the scarier it gets.
It feels like this round of decline hasn't fully played out yet. Staying on the sidelines and observing is probably the safest move.
Everyone's nerves are stretched too tight. Who would dare to buy in right now, seriously?
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DeadTrades_Walking
· 12-05 06:12
Running off with dirty money is indeed pretty scary, but to be honest, the risk of withdrawing funds is even higher now...
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Wait, is it really about dirty money fleeing? Feels like a bit of overinterpretation...
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Damn, now we really have to lie low; even the slightest move could land us in trouble.
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Why does it feel like the whole internet is saying to wait and see, but after a month or two, nothing has changed?
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Funds from unknown sources are just too real—getting involved can seriously ruin your life.
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Sounds like the same narrative as last year, and what happened then...
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When you get caught up in something like this, everyone just has to hold on and wait for a signal.
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APY_Chaser
· 12-04 18:50
I've heard the "run off with dirty money" story too many times. Every time it's the same, but what happens in the end? You still have to wait.
The real issue is, who dares to accept coins from unknown sources? That's the real risk.
I agree with waiting and observing for withdrawals, but if this keeps going, when will it ever end?
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LadderToolGuy
· 12-04 18:49
This wave of running off with the dirty money was indeed pretty ruthless. I’m also waiting for emotions to calm down a bit before saying anything.
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WhaleMinion
· 12-04 18:45
This wave of black money fleeing is definitely something to be cautious about. But I think we still need to see what the subsequent policies will be.
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Got it, so basically no one dares to make a move right now, just wait until things calm down.
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Damn, dealing with funds of unknown origin can really be fatal. If you're not careful, you end up being the sucker.
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The fact that other stablecoins aren't fluctuating is pretty telling, that's a crucial detail.
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Let's wait and see for now. There's no escaping anyway, so why rush to take a big loss?
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TaxEvader
· 12-04 18:43
Dirty money is fleeing, now things are really getting out of control.
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Wait, what really happens if you receive dirty money? This scares me to death.
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Trying to cash out now is asking for trouble, feels like stablecoins will be stuck sideways for a while.
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No movement in other regions, only our side is dropping—you guys noticed too, right?
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Really don't dare to accept money at times like this, the risk is off the charts.
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Watching from the sidelines is the right move, but who can really endure this, watching the price drop every day.
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Retail investors have to take the blame for dirty money again, as always.
Since the recent joint statement by 13 departments, the OTC price of USDT against the RMB has been continuously falling, and there are still no signs of stopping.
Compared with stablecoin exchange rates in other countries and regions, there’s basically no fluctuation. So, this round of decline is most likely due to dirty money fleeing the market, combined with some panic selling.
Personal suggestion: Don’t rush to cash out during this period. It’s better to wait and observe for a while—there’s no harm in taking action after the market sentiment stabilizes.
A slightly lower price isn’t the main issue; the real concern at this critical moment is accidentally receiving funds from unknown sources, which could lead to big trouble.