In terms of macro and policy, the U.S. Treasury's plan to increase its Bitcoin holdings by $5 billion is a favourable information for the mid to long term, but the short-term market response is tending towards rationality, with some funds choosing to take profits. With the G20 summit approaching, the uncertainty of global encryption regulatory policies may suppress market risk appetite, and the policy-sensitive period after May 19 requires close attention.
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In terms of macro and policy, the U.S. Treasury's plan to increase its Bitcoin holdings by $5 billion is a favourable information for the mid to long term, but the short-term market response is tending towards rationality, with some funds choosing to take profits. With the G20 summit approaching, the uncertainty of global encryption regulatory policies may suppress market risk appetite, and the policy-sensitive period after May 19 requires close attention.