Illya Gerasymchuk
Entrepreneur / Engineer
šØš³ China's reverse repo liquidity injections predict Bitcoin bullruns it works like this: š high PBoC injections = increasing bitcoin price š low PBoC injections = sideways or decreasing so every time China injects Yuan/reminbi, BTC price goes up š
šØš³ china injects liquidity mainly via reverse repurchase agreements š¦ chinese central bank buys government bonds from commercial banks, selling them back later. this new cash is re-invested yielding a spread š¹ essentially, they allow banks to earn a yield on their bonds
