Where is this? It's a waterfall every day, and it doesn't count unless it breaks 95,000.
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KZG Crypto 口罩哥
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Bitcoin plummets 13% in a week; could Chinese liquidity be a lifesaver?
This week has not been friendly for Bitcoin, with prices dropping over 13%, and the market has directly dubbed it 'Crypto Black Friday.' A large number of leveraged positions were liquidated, panic sentiment spread, and investor confidence has been severely impacted.
However, amidst the pessimism, some analysts have put forward a rather novel viewpoint, suggesting that China's liquidity may become a key factor for Bitcoin's rebound.
The logic is as follows: China's M2 money supply is rapidly expanding. Historical data shows a certain correlation between global liquidity and Bitcoin prices. As the world's second-largest economy, if China's liquidity really begins to overflow, some funds are likely to flow into high-yield assets like Bitcoin.
However, amidst the pessimism, some analysts have put forward a rather novel viewpoint, suggesting that China's liquidity may become a key factor for Bitcoin's rebound.
The logic is as follows: China's M2 money supply is rapidly expanding. Historical data shows a certain correlation between global liquidity and Bitcoin prices. As the world's second-largest economy, if China's liquidity really begins to overflow, some funds are likely to flow into high-yield assets like Bitcoin.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.