Chinese gov planned to release >10,000 billion USD liquidity to both stock and consumer market in order to solve the deflation problem that China is facing.
Just this month, more than 1000 billion USD got released by the central bank of China. This action brought up their stock index by 4% in a single trading day.
This is the biggest qe package since 2000. And we all know what happens next, because the US did the same thing (not even as big) after COVID, and BTC hit all time high 68K shortly after that.
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