BTC has seen eight consecutive days of gains, but… It's not just a matter of sentiment, as Red God mentioned—"there's hardly anyone talking about it now." USDT is also behaving accordingly. ┈➤USDT/USD price has paused its upward trend. ╰✦How is the USDT/USD price calculated on CMC? The USDT/USD price on CMC is calculated based on the weighted average price of various trading pairs across multiple exchanges, including ⬩USDT/USD, ⬩(BTC/USD)/(BTC/USDT), ⬩(ETH/USD)/(ETH/USDT). ╰✦USD may have flowed into BTC and ETH. When USD flowed into BTC, the BTC/USD price exceeded the BTC/USDT price, and the calculated (BTC/USD)/(BTC/USDT), i.e., USDT/USD, gained upward momentum. The same logic applies to ETH. Therefore, as seen on the chart, the USDT/USD price has been rising since February 5th. It's highly likely that this upward trend was driven by USD funds. ╰✦The USDT/USD price on CMC has paused its upward trend. However, the USDT/USD price on CMC is currently fluctuating around $1, unlike last year when it showed a premium sentiment. ┈➤USDT's market capitalization has increased slightly. USDT's market capitalization has increased slightly, by approximately 0.08% since February 11th. ┈➤USDT's OTC price has increased slightly. The USDT OTC price on exchanges has increased slightly today, but not significantly. This may be due to retail investors entering the market. ┈➤In conclusion. Judging from the USDT price, it now appears to be a phase where a large number of retail investors followed after major players bought in. Judging from the USDT market capitalization, it seems only a small amount of capital has entered the market. Next, we should pay attention to the Federal Reserve's interest rate meeting tomorrow night (March 19th Beijing time). This is likely the last time Powell will present the Fed's dot plot, which will reflect the interest rate forecasts of all Fed officials. The Federal Reserve's interest rate decisions are not made by the chairman alone, but by a vote of its members.