Although the recent issue of a potential rate cut in December has caused a slight increase in the US Dollar Index (DXY), the Federal Reserve's monetary policy is bound to take a dovish path—it’s just a matter of time. So, in the long run, it’s normal for the USD to CNY exchange rate to decline. Currently, the exchange rate is 7.11, and the corresponding USDT OTC price is also around 7.11. This is within the normal range, but if there’s a sudden sharp rise in OTC prices, it’s likely due to short-term market volatility causing a surge or drop, which leads to contracts requiring margin. Without sufficient margin, people have no choice but to buy from OTC. So, as of now, the USDT exchange rate doesn’t necessarily reflect whether the market is good or bad. It just shows that there aren’t many investors who urgently need to top up their margin, which is why the OTC premium is relatively low. Bitget VIP—lower fees, crazier perks!