Hong Kong’s SFC plans to restrict unauthorized institutions from using terms such as “crypto” and “exchange” — after the news came out, I watched the large orders first, then the price.
It’s a fairly neutral piece of news; just make a note of it. No need to change anything in your trading because of it. Check USDT flows—it’s the clearest indicator of whether over-the-counter funds are coming in.
$BTC is currently quoted at 75899.82, 24h +0.13%.