🐳 Regulatory developments × capital: Beijing cracks down on its first case of a new type of blockchain-enabled pyramid scheme, imposing a fine of over 930,000 yuan
Watch two data points: ETF fund flows and changes in OTC funds. If the policy is really having an effect, capital will react first. $BTC is worth keeping an eye on.

#BTC

There’s a lot of volatility, so manage your position size carefully.