It's late, very late. But it's all well planned because of capital flight due to high interest rates in the US. Whatever China is doing now is trying to keep liquidity within the country to promote growth. But first, policy makers should first reward and revive it's stock market first, to uplift overall sentiment and wellbeing of investors which in turn encourages spending.

The next catalyst will be the approval of ETH ETF. This crypto bull run will rally until 2025 before any stumbling blocks.

That's for 2023. After the latest gain in 1Q 2024 be quite sure most have been sold. These type of news is to trap dumb money.