The offshore RMB to USD central parity rate is 6.78. Industrial Bank’s exchange rate for settlement is 6.76. Meanwhile, in the current crypto market, the withdrawal (cash-out) for 2000 USD via CTC has fallen to 6.71, while the withdrawal for 200 USD has fallen to 6.69. In a normal market rising trend, USDT often trades at a premium: large amounts of capital buying USDT can lead to tight supply and strong demand. This time, however, there is clearly visible capital outflow and selling pressure. This suggests that the latest uptrend has not attracted a new round of “capital relay” to continue bu
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