if you've been sticking with us since May, congratulations on not giving in to the FUD, and welcome to the start of another rally.
In the past couple of days, BTC has made an amazing recovery compared to other markets, due to the Evergrande situation. But I think the Chinese FUD needs more emphasizing to truly understand how strong the market is.
During the May Chinese FUD we crashed down by 50% in a week, and it took us 96 Days (3.1Months) to recover to somewhere in the price range.
But on the 20Th of September, we crashed yet again thanks to China by 16%, and BTC recovered back 18% within 9 days.
This is truly a remarkable recovery in my opinion and it shows investors are no longer worried about the Chinese FUDs.
We have also seen a massive increase in Defi solutions that aim to provide Chinese investors with an alternative solution to the ban.
TL;DR: BTC is resilient to Chinese F.U.D and we're witnessing diminishing results for China. Thus price goes up.
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