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# ChinaPMI

61
🚨 China just printed a BEATING PMI.
Manufacturing PMI: 50.3 vs 50.1 expected.
Third consecutive month of expansion.
This is RISK-ON for crypto, not risk-off.
Here's why it matters today:
Most traders expected a weak China print to add to the bearish pressure on BTC. The opposite just happened.
High-tech manufacturing exports linked to the AI boom are driving the beat. Output growth accelerated. New orders expanded after contracting last month.
This removes one of the bearish catalysts everyone was bracing for today.
What's still ahead today:
🇪🇺 Eurozone CPI Flash (June) — the next major cat
BTC-2.72%
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SlippageSkeptic:
The export data driven by AI is interesting. It seems that the US tariffs haven't completely choked off high-end manufacturing. Whether BTC can ride the momentum and make a push depends on tonight.
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