2025-12-09 16:24:19

The stablecoin market has been rather turbulent lately. In a certain region, the crackdown on illegal currency exchange and stablecoin money laundering has suddenly intensified, directly triggering a panic sell-off in the market. The USDT to RMB exchange rate has plummeted, already breaking through the 7.0 mark. Of course, this drop might not be solely due to regulatory factors—the rate cut decision on the 10th also coincided on the timeline. Looking back now, could this be another case of "good news being priced in early and turning into bad news," the old trick?

This market is getting harder and harder to understand. Although BTC and ETH are still holding up, the overall atmosphere has become quite delicate. In such a strange environment, it’s really important to maintain enough respect for the market and not rush to call the top or bottom.

BTC-2.27%

ETH-5.47%

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LiquidationAlert

· 12-09 18:51

Even 7.0 has been broken, this time I'm really panicking. Once regulation steps in, all other reasons become meaningless. Here we go again, bullish news turns into a knife in no time. I just want to ask, is there anyone still daring to bottom fish? The atmosphere is too weird, I think we need to wait and see. BTC is holding up for now, but honestly, it's impossible to predict the next move. Every time people say to respect the market, but there are always those who rush in. Can't even hold 7 anymore, feels like something bad is about to happen. A rate cut was supposed to be bullish, but it went the other way, unbelievable.

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GateUser-cff9c776

· 12-09 16:53

A sense of awe? Ha, I've heard that phrase way too many times. Every time, people say it at the bottom, then rush in and go all in. Looking at the candlestick chart is like appreciating a piece of art... 7.0 breaking down really feels like someone stepped on Da Vinci. Rate cuts turning into bearish news, this Schrodinger's bull market is truly something else. I'll bet five bucks that there will be a whole new narrative next week.

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Rugpull幸存者

· 12-09 16:52

Even 7.0 has been broken, this time it really feels risky. --- As soon as regulators step in, this happens. Can the old tricks still work? --- Respect? Bro, right now it's just pure fear, stop lying to yourself. --- Bullish news turning into bearish moves is wild, but I’ve seen this happen too many times. --- BTC is still holding on? I think it’s just barely hanging in there. --- Don’t dare to buy the dip, but also afraid to go all-in short. Really stuck right now. --- Rate cuts plus a crackdown—who can withstand this combo? --- Nothing subtle about it—if it just crashed, at least you could react in time. This indecision is the worst. --- It’s normal not to understand the market, the key is not to get rekt. --- Wanted to sell back at 7.3, now I really regret not doing it.

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BanklessAtHeart

· 12-09 16:51

Daring to buy in even after it breaks 7? Really need to learn a lesson this time. --- Another double whammy of regulation and rate cuts, this playbook is so overused. --- Respecting the market is easy to say, but I just can't stop myself from making trades. --- Even USDT is like this and people are still calling for a bottom? Hilarious. --- "Good news gets priced in early" is always spot on—everything looks like a trap now. --- The market feels subtly creepy, let's just wait and see what happens. --- I really can't figure out the rhythm this time, none of the logic seems to add up. --- Forget about respect—most people have been forced into it by now. --- As soon as there's a crackdown on currency exchange and money laundering, this is what happens to USDT. Heartbreaking. --- Rate cuts turning from good news to bad—what a move. --- Feels like BTC and ETH can't hold on much longer, the vibe is definitely weird. --- Really don't dare to make a move below 7, can't handle this kind of suspense. --- Trying to time the top and bottom is pure luck, might as well just lay low these days.

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MetaverseVagabond

· 12-09 16:49

7.0 is broken, now it’s really getting scary. Regulation plus rate cuts stacking up—a double whammy, who can withstand it? Is it that same old “good news leads to a drop”? The market just loves to mess with people in reverse. BTC is still holding on, but it feels like it could crash at any moment. Not daring to buy the dip is really the right call. Anyone who tries to catch this falling knife is done for this time.

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StableCoinKaren

· 12-09 16:47

Can't even hold 7 yuan, this time I really can't take it anymore. As soon as the regulators step in, the whole market crashes. What happened to decentralization? Rate cuts supposed to be bullish end up bearish instead. How many times has this trick been played and yet people still buy the dip? Respect for the market? All I feel is fear. Don't tell me to buy the dip, I'm waiting for it to break 5.

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