Whenever the Chinese yuan bottoms, global liquidity turns up.
BTCUSDT
Perp
88,677.1
-3.70%
ETHUSDT
Perp
3,014.41
-4.63%
Bitcoin stabilizes first, but risk rotation always follows.
→ ETH/BTC bottoms right at the yuan bottom.
→ Then ETH enters its strongest outperformance phase of the entire cycle.
This pattern held in 2016, 2019, and 2025.