China's central bank has cut short-term interest rates (0.2%) and mortgage rates => positive signals for investors
The $140B injection will stimulate the economy => could have an impact on long-term yields => creating a basis for further rate cuts
China is the second largest financial market in the world, despite the ban, there have been rumors in recent months that China will loosen up on crypto.
So what is the basis for those rumors?
What sources of liquidity are available in Crypto?
Bybit previously revealed that if China opens, there will be more than 100K people waiting for the right to buy.$BTC and #altcoin
The miners$BTC China still controls 55% of global hashrate => Chinese government does not actually ban crypto
China has had two interest rate cuts of 0.1% (July 22) and 0.2% => traditional money flows may flow abroad and reach Crypto
=> tens of billions of dollars are ready to be poured into crypto
