BTC has two possibilities: I have not seen a clear statement that the interest rate will be cut in September, but it is possible; and the changes in the situation in the Middle East will potentially affect the data in the next two months, increasing the uncertainty in September. Second, the continued reduction of the balance sheet, the Japanese central bank's interest rate hike and other hints of tightening macro liquidity (in the short term) have led to capital outflows.
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