🇨🇳 China held $590.7B in US Treasuries at the end of August, per US Treasury data. That is the lowest since 2008 and the third straight monthly drop (July: $618B).
Beijing has been steadily trimming holdings and diversifying into gold, though some analysts say part of its exposure sits in custodians like Canada and Europe. Social-media rumors of a sudden “dump” are not backed by data. The trend is gradual.
Watch the next TIC release for the September numbers. Heavy Treasury selling could affect yields and risk assets, including $BTC .
What’s your view: slow diversification or a bigger shift? 👇
#Finance #Markets #CryptoNews
Not financial advice. Sources: US Treasury (TIC data), SCMP
$BTC
Beijing has been steadily trimming holdings and diversifying into gold, though some analysts say part of its exposure sits in custodians like Canada and Europe. Social-media rumors of a sudden “dump” are not backed by data. The trend is gradual.
Watch the next TIC release for the September numbers. Heavy Treasury selling could affect yields and risk assets, including $BTC .
What’s your view: slow diversification or a bigger shift? 👇
#Finance #Markets #CryptoNews
Not financial advice. Sources: US Treasury (TIC data), SCMP
$BTC
