Numbers have no bias, while emotions can be misleading, so let’s look at the numbers first.
Take this: Paraguay’s USDT exchange rate broke above 6,000 guaraní, coinciding with the freezing of funds at Ueno Bank. $BTC was up 6.21% intraday, with 1.676 billion in trading volume.
That’s a positive for short-term sentiment, but we’ll have to wait and see whether the price agrees.