2025-12-09 12:28:22

A strange phenomenon has recently appeared in the market—not only are altcoins crashing, but even the price of the stablecoin USDT is starting to drop.

What does this mean? Bottom-fishing funds have completely disappeared. Either there’s too much hesitation and wait-and-see sentiment from the sidelines, or those who chased the rally earlier have been repeatedly wiped out and are out of funds.

What’s even more concerning is that when USDT itself starts to depeg and drop, it means even the most basic demand for hedging is shrinking. With market liquidity drying up to this extent, seeing any decent rebound in the short term is going to be extremely difficult.

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FOMOrektGuy

· 12-12 02:17

U has de-anchored, and this time no one dares to buy the dip anymore. Alright, once again caught in a liquidation cycle. Has it bottomed out? With liquidity in such a state, the rebound might have to wait until the Year of the Monkey and the Horse. If even U can't hold, it means there's really no money left. What to do this time? Hold cash and gather dust or keep taking the hits?

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SingleForYears

· 12-11 18:28

U has lost its peg again, this time really no one dares to buy the dip Alright, it's another round of chopping the leeks Wait, U can also fall? Then how desperate must the market be Lost all the money, who would still enter the market Liquidity has dried up to this extent, how can there be a rebound People outside the market are watching and getting scared, there's really no hope This wave has completely thrown all the chips out What does U losing its peg mean? It means everyone is fleeing

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SilentAlpha

· 12-09 12:58

U has depegged, this time it’s really risky. I don’t get how there are still people daring to buy the dip. Even the safe-haven funds are gone, liquidity is completely dead. Everyone’s been rekt numb, who still has money to enter the market? This is the scariest part—no one dares to make a move.

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OnChainSleuth

· 12-09 12:50

Even stablecoins have dropped? This is really unbelievable, it shows that no one dares to make a move now. U losing its peg is just absurd, maybe the market has really reached its end. All the bottom-fishing capital is wiped out, who would dare to catch the falling knife now? Even safe havens are useless now, this round of correction might last a long time. Oh my, liquidity has dried up to this extent, a rebound is nowhere in sight.

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MetaMaskVictim

· 12-09 12:41

Even USDT has lost its peg, this is really unbearable now. No more bottom-fishing funds means everything is doomed. People outside the market are just watching, no one dares to make a move. Those who chased the highs earlier are probably already bankrupt. With liquidity this dry, a rebound is extremely difficult. Rather than waiting for a rebound, it's better to cut losses to survive. This bear market feels especially brutal. Everyone is waiting for the bottom, but no one knows where it is.

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BlockchainArchaeologist

· 12-09 12:36

Oh no, U has dropped this much, it's really unbelievable. U has depegged? Then there’s nothing worth buying the dip for. This drop is really fierce, retail investors have long run out of ammo. Looks like we have to tough it out for a while, a rebound is nowhere in sight. Once liquidity dries up, everything falls apart. To put it bluntly, no one dares to move their wallets anymore.

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