Many people don't understand why the price of USDT continues to fall.

The simplest understanding is:

The renminbi has been appreciating recently. After the Fed's interest rate cut policy came out, the market's purchasing power for USDT has also declined.

The prices of commodities such as crude oil and gold in the international market are also rising, and the currency (US dollar) in global circulation will depreciate accordingly. USDT is anchored to the US dollar.

Rising commodity prices may trigger an inflationary effect, causing the central bank to adopt a tight monetary policy, which in turn affects the exchange rate.

In addition, when investors seek safe-haven assets, they often turn to the commodity market rather than the currency market, further affecting the US dollar exchange rate.

So USDT will fall, and it will continue to fall.

In fact, this situation will be very obvious in every round of bull market. If you are interested, you can take a look at the price curve of Binance and OK OTC transactions