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Domestic Bitcoin traders are starting to withdraw
Dollar exchange rate 6.9688
USDT currently 6.87
Negative premium 1.4%
If you have a Hong Kong card and a way to remit funds back, you can profit from arbitrage.
However, now the foreign exchange management involving virtual currencies is becoming more strict. If you're not physically overseas, it's advisable to proceed with caution.
Many U cards have a wear rate of about 1-2%, and during negative premiums, using U cards becomes very cost-effective.
In the past, people involved in arbitrage usually didn't hold positions for very long (a few weeks). When the premium dropped below 3%, or even 2%, it attracted many to participate.
This time, it seems different. Wait until the negative premium reaches the 2-3% range to observe. If the negative premium persists at 3%, it indicates a systemic risk is emerging, and everyone should be cautious.