The cryptocurrency market is currently so quiet, and there's no other reason for it; it's simply because buying and selling USDT is under crazy risk control, making it difficult to deposit and withdraw. Buying is troublesome, and selling is also troublesome.
Fraud prevention is monitored not only from the app side but also from the Alipay, WeChat, and bank card ports, making it look like they are completely blocking virtual currencies.
Now, virtual currencies have completely mixed with the black and gray industrial chains, making it impossible to distinguish between them. When you buy and sell USDT, you will definitely be investigated.
Who knows what you are buying it for? Is it for purchasing virtual currencies, gambling, scamming, or something else....
I have had the police visit me twice this year for buying USDT, so you can imagine how annoying it is. The fraud prevention team is even more aggressive; when they call, it's almost like they want to directly scold you.