China suddenly strikes with a combination punch! The central bank pours out 600 billion "timely rain" while quietly lowering trade "weapons". These two actions have left the global market bewildered—it's important to note that this is happening at a delicate moment just after Bitcoin has undergone its halving, and the crypto market is generally short on liquidity.
The first heavy blow: The central bank has unleashed 82.3 billion USD, setting a record for the largest single-month liquidity injection in 2023. This move is like handing a giant watering can to a thirsty market, covering not only the funding needs during the May holiday but also concealing deeper intentions to pave the way for special government bonds. Crypto veterans instantly sense a familiar smell: when traditional markets start to "release water," it often means that the spring of risk assets is not far away.
A surprising twist: China simultaneously suspended the 125% punitive tariffs on key products such as US medical equipment and ethane, and the aircraft leasing tariffs may also be completely canceled. The timing is intriguing—just last week, the US SEC just eased its stance by passing the 19b-4 filing for the Ethereum ETF, and it seems that China and the US have tacitly taken a step back. A trader remarked on Twitter: "When cracks appear in the tariff walls between two giants, the first reaction of capital is always to seek opportunities in the gaps."
Market reactions are quite honest: the offshore RMB exchange rate has become more volatile, and Chinese concept stocks in Hong Kong have collectively shown unusual movements. On-chain data has detected a 37% surge in daily on-chain transfers of the stablecoin USDC, indicating that Asian capital is quietly positioning itself. An OTC desk manager at a certain exchange revealed: "At three in the morning, several million-level USDT buy orders suddenly popped up; such night trading actions haven't been seen for a long time."
Analysts are divided into two camps: conservatives believe this is just routine economic stabilization, while radicals are pulling up historical charts—three months after the central bank's large-scale MLF operations in 2020, the A-share and cryptocurrency markets both emerged from their lows. The current combination of liquidity injection and trade easing resembles a textbook case of liquidity management after a crisis.
Ordinary investors may only see the 600 billion figure, but those who truly understand are already adjusting their positions. As a miner who has experienced three bull markets said: "When the faucet is turned on, the first to get wet is not the ground, but those closest to the pipe. If you want to seize this bull market, it’s definitely too late to learn on the fly; it’s best if someone can quickly guide you in, so you can start profiting right away.
