According to AiCoin data, the USDT over-the-counter OKX index fell to a low of 6.70 yuan, breaking below the lowest point since January 2023 and hitting a nearly three-and-a-half-year low.
If the exchange rate had been at a high of 7.6 yuan before, without any operation, the exchange rate change alone would have caused a nearly 12% reduction in the purchasing power of funds!
The changes in USDT off exchange prices are not just "exchange rate fluctuations", but also reflect the supply and demand relationship of market funds:
● USDT price increase: usually represents an increase in market demand for buying and an increase in the willingness of funds to enter the market;
The decline in USDT prices may indicate an increase in USDT supply and cautious entry of new funds.
Through AiCoin's open data API, it is possible to quickly access USDT over-the-counter indices, market data, and other indicators: https://www.aicoin.com/zh-Hans/opendata
