Taiwan's stabilization fund intervenes for the 10th time... Bitcoin bottom theory missed the mark in 2022
Original headline대만 안정기금 10번째 개입…비트코인 저점설, 2022년엔 어긋났다
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Taiwan’s National Financial Stabilization Fund approved its tenth market-stabilization mandate on March 6, authorizing the executive secretary to deploy capital as needed to support the Taiwan stock market. The fund buys Taiwan equity-related assets rather than bitcoin (BTC), and the approval should be distinguished from actual purchases. The move revived analysis that the fund’s intervention timing has coincided with bitcoin bottoms, but in 2022 BTC kept falling after the fund decided to intervene. Whether this approval marks a bitcoin low will only become clear as more price data accumulates.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Taiwan National Stabilization Fund, Bitcoin (BTC), Taiwan Ministry of Finance
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