The rate cut has taken effect, and we need to closely watch the chain reactions it triggers. The weakening of the US dollar is pretty much a sure thing, which means the RMB will relatively strengthen. In this situation, the USDT sitting in your account becomes a bit awkward—since it’s pegged to the dollar, any drop in the dollar means your USDT shrinks in value too. Anyone holding stablecoins really needs to do the math here.

Looking back at the last rate-cut cycle, the dollar did weaken, but the crypto market actually saw a decent rally. Money doesn’t just disappear; it finds new outlets: traditional safe havens like the yen, gold, and silver will attract some flows, and Bitcoin, as “digital gold,” is also on that candidate list.

It’s still too early to talk about a market top, but the logic is already clear. Be patient and give the market some time to react—you might just see BTC hit a new all-time high.