USDT has dropped below 7, but did you notice that ETH surged 10% in a single day?

On the surface, it looks like a fluctuation in exchange rates, but in reality, two forces are unfolding simultaneously:

First Change: The Fed’s Policy Shift Signal Is Becoming Clearer
There are reports from Washington about replacing the Fed chair, and expectations for aggressive rate cuts have surged. The probability of a rate cut in December is approaching 90%, and next year they might slash by 50 basis points straight away. A weaker dollar is highly likely, and the RMB will appreciate passively—the 7 mark might just be the first stop.

Second Change: Regulatory Crackdown on the Stablecoin Gray Market
Channels for illegal currency exchange and fund transfers using USDT are being strictly cracked down on. As the gray area shrinks, panic selling emerges, driving the exchange rate down. This is an inevitable policy move.

Is it contradictory? Stablecoins are dropping, but crypto assets are rising?

The logic is actually clear:
✓ Once expectations of a weaker dollar are confirmed, global capital will seek new safe havens, and crypto is that haven.
✓ Regulatory actions to clean up the market actually pave the way for compliant big money—this is called "crackdown equals bullish."
✓ Historical trends are clear: before every bull run, the price of USDT always goes through a short-term pressure phase.

What are newbies panicking about? "Even stablecoins aren't stable anymore?"
What are veterans thinking? "It's time to buy the dip again."

Some people have already started to act: buy USDT at 7 now, wait until it returns to 7.5, then swap back—the 10% profit is basically free.

The rules of the game are changing, so your strategy needs to adapt too.
Will you fixate on the exchange rate and stress, or see the trend clearly and prepare your position? The answer is already written in the candlesticks.