Steady lads? China deploys record liquidity while BTC whales keep price action around $25,000.
Hong Kong retail investors access to previously-banned crypto, the Chinese central bank injected a record $92 billion of liquidity into the economy on Feb. 17.
It explained that unlike in the U.S., where the Fed is withdrawing liquidity via quantitative tightening , China is doing the opposite. In 2020 under the Fed’s COVID-19 quantitative easing , risk assets including crypto saw an eighteen-month bull run.
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