Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.

  • Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks.
  • The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets.
  • The capital rotation may be short-lived.

China's battered stock market has experienced a resurgence since late September powered by the barrage of stimulus by Beijing.

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