Offshore RMB has once again hit a new low, now falling to 6.97. This is not the end; the BTC in hand is also shrinking, and the US dollar is depreciating even more. Friends holding these assets are probably feeling pretty uneasy lately—exchange rates are falling, cryptocurrencies are dropping, and converting to USD means USD is also shrinking. With multiple pressures stacking up, many are wondering when this wave can be reversed.
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SignatureLiquidator
· 6h ago
Damn, it's dropping again. When will it finally turn around?
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MetaMaximalist
· 6h ago
honestly this is just the adoption curve doing its thing... macro cycles are brutal but they're *necessary* for genuine network effects to crystallize. the ones panicking rn are prob the same folks who fomo'd into jpeg land thinking it was spatial computing infrastructure lol
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DaoTherapy
· 7h ago
Damn, triple hits stacking up. Who can withstand this?
RMB collapsing, crypto prices dropping, U also depreciating—it's a full-scale harvest of the leeks.
It's really a situation where holding coins is worse than holding a knife; we have to wait for the trend to turn.
When will this wave finally bottom out? I'm exhausted.
Everything is falling, but only the green ones are rising. I'm numb.
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BoredRiceBall
· 7h ago
The entire market has collapsed now, there's really no way out for crypto people.
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GasFeeLady
· 7h ago
ngl watching cny break 6.97 while btc bleeds and usd tanks too... that's some next level portfolio destruction right there. like picking the perfect gwei window only to get sandwiched anyway lol
Offshore RMB has once again hit a new low, now falling to 6.97. This is not the end; the BTC in hand is also shrinking, and the US dollar is depreciating even more. Friends holding these assets are probably feeling pretty uneasy lately—exchange rates are falling, cryptocurrencies are dropping, and converting to USD means USD is also shrinking. With multiple pressures stacking up, many are wondering when this wave can be reversed.