The Chinese side is taking comprehensive action against cryptocurrencies, which is not at all a negative factor; it is completely a positive one.
Global institutions know that there is no way to seize BTC anymore, and governmental departments certainly can't grab coins either. The only remaining method is confiscation, which is something everyone knows.
There will be no new minted BTC, and the market can't buy any, so confiscation is the only method.
Otherwise, are MicroStrategy and TOM LEE crazy?
BTCUSDT
Perp
90,235.6
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