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Currently, the crypto market is in a period of simultaneous fund withdrawals and a sluggish market, with the USDT price once dropping below 6.82. Behind what seems like simple numerical fluctuations, it actually reflects the overall liquidity situation in the crypto space.
Many confidently say that USDT cannot fall to 6.5, but this is usually a remark from beginners. Experienced players who have been in the market know firsthand that USDT has previously hit 5.8. Extreme market conditions often surpass expectations.
The price fluctuations of USDP seem small, but in reality, they reflect the demand for dollar stability and the overall tightness of funds in the crypto market. When a wave of withdrawals coincides with a weak market, this pressure becomes clearly visible in the price. Those who have experienced it naturally understand that most of those claiming it’s impossible simply haven't gone through it.