The reason the cryptocurrency market is so quiet this year is simply that someone has blocked the inflow and outflow channels.
Ordinary people want to trade cryptocurrencies, but the costs and risks are ridiculously high. Buying and selling USDT feels like committing a crime. If you use Alipay, WeChat, or a bank card to buy USDT, it won't be long before the police call you. This doesn't mean you've actually done anything illegal, but the system automatically marks virtual currency transactions as high-risk behaviors, equating suspicion.
Bank accounts have become hidden landmines. Even if you play by the rules, as soon as your receiving bank card receives funds from an unknown source, the account is likely to be frozen. To unfreeze it, you have to go to the police station for proof. If you can't explain the source of the funds clearly, you might even be branded with the label of 'aiding and abetting a crime'.
The black market has sullied the industry. Now, out of ten telecom frauds, nine are using USDT for money laundering. Ordinary people buying and selling USDT feel as dangerous as counting money in a drug transaction scene. This has led to a chaotic environment in the entire cryptocurrency market, making everyone afraid to step in easily.
Ordinary people want to buy cryptocurrencies, but as soon as the payment code is shown, the payment function gets blocked, and they can't even take the first step in the transaction. When trying to sell, the bank card is instantly frozen, and then the police immediately call for cooperation in an investigation.
The end result is: veteran players are afraid of their bank cards being frozen and dare not act rashly; new players see this situation and lack the courage to even enter the cryptocurrency market. How can the market not be quiet?
Recently, I've mainly been sharing internally, so if you meet a friend, pay more attention to them.