USDT is showing signs of depegging. This is no longer a level that can be ignored and should now be closely monitored. This is not a short-term, temporary dip. Depegging that appears while BTC prices are falling sharply is a serious warning sign. I don’t know the exact cause, but this is one of the strongest depegging moves we’ve seen since the FTX collapse. While it is not yet at that level, depegging has clearly appeared and requires continuous attention. There is a high chance that a significant liquidity issue has already emerged somewhere in the market. Caution is needed. If USDT becomes unstable, other stablecoins could be affected as well. At the same time, Ethereum transaction counts are reaching all-time highs. From my perspective, this suggests that a liquidity problem not yet visible on the surface may already be developing. USDT needs to recover quickly from here. If prices continue to fall further, the situation could become very dangerous. The movement of USDT should be watched very closely. @clayop Professor "how do you interpret these signs? I’d appreciate your perspective on this."(mignolet)