These past few days, everyone has been talking about the EU wanting to delist USDT, worrying that the market will crash significantly, and spreading rumors to create panic.
But I want to ask a counter question: what does the EU delisting USDT really mean? Do you understand? If you don't understand, why assume there will be a significant drop?
First, we need to clarify the first thing: the EU delisting USDT, the so-called delisting of USDT, only targets the EU’s own cryptocurrency exchanges, which are very small exchanges, akin to those of a small country.
They are delisting USDT from their EU exchanges, which does not affect exchanges like Binance, OKEx, Coinbase, or ZB.com that have USDT.
So it only affects a small portion of users on EU exchanges who can no longer 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 cryptocurrencies. Even if there is no USDT, there are others available, which does not affect the buying and selling of cryptocurrencies.
Third, why is such news appearing at this time?
Originally, it was not bad news, but retail investors are scared and think this is very negative.
Why are retail investors so sensitive at this time? Because the market had just dropped, and many people got stuck in losses,
Plus, after a rise in the first half of the year, there was a significant drop, and retail investors are afraid; a pattern of thinking has formed.
Worrying is understandable, but while worrying, we must first determine whether this news is genuinely negative, and then consider the 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 appearing at this time? If you understand the market, you will comprehend the intentions of the major players.
The best way to filter the authenticity of news is to understand the market because market trends do not lie.
In war, deception is essential.
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