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China’s gradual retreat from US government debt is evolving from a quiet background trend into an explicit risk-management signal, and Bitcoin traders are watching the market for the next domino.
The immediate trigger for this renewed anxiety came on Feb. 9 when Bloomberg reported that Chinese regulators were urging commercial banks to limit their exposure to US treasuries, citing concentration risk and volatility.
This guideline immediately focuses attention on the massive pool of US bonds held by…
