In the past few days, there has been talk about the EU wanting to delist USDT, and there are concerns that the market will crash, leading to widespread panic.
But I want to ask: what does the EU delisting USDT actually represent? Are you clear about that? If not, why do you think it will lead to a significant drop?
First, we need to clarify one thing: the EU delisting USDT, the so-called delisting of USDT, is only aimed at the EU's own virtual currency exchanges, which are just small, country-specific exchanges.
They are delisting USDT from their EU exchanges, but this does not affect USDT on exchanges like Binance, OKEx, Coinbase, or ZB.
So it only affects that small portion of people using EU exchanges who cannot use USDT as a trading pair.
Second, there are so many stablecoins globally, not just USDT, but also USDC, BUSD, DAI, and many more.
It’s important to understand that stablecoins are merely tools for buying virtual currencies; even without USDT, there are alternatives that do not impact the buying and selling of virtual currencies.
Third, why is such news emerging at this time?
Originally, it was not negative news, but retail investors are spooked into believing it is a major negative.
Why are retail investors so sensitive at this moment? Because there was a recent drop, and many have been caught in it,
combined with the fact that after a rise in the first half of the year, there was a significant drop, leading to fear among retail investors and the formation of habitual thinking.
Worrying is natural, but alongside that worry, we must first judge whether this news is genuinely negative, and then combine it with market trends.
Does this news resonate with the market trends? Are there signs of a significant drop in the market?
What is the purpose of this news emerging at this time? If you understand the market, you will grasp the intentions of the main players.
The best way to filter the authenticity of news is to understand the market, because market trends do not lie.
All's fair in love and war.