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The French Central Bank incurred a huge loss of 7.7 billion euros in 2024, with a government deficit of 168 billion euros (5.8% of GDP), far exceeding the EU's 3% red line. Interestingly, Arthur Hayes pointed out that this may force the ECB to implement point shaving—once the money printing presses start, trillions of euros in liquidity will need to find an outlet. History provides a reference: during the global central bank QE in 2022, Bitcoin rose from $6,000 to $69,000. Currently, the European economy is somewhat sluggish, and hot money is withdrawing from Japan and Germany, putting significant pressure on capital outflows in France. If the ECB really takes the path of easing, can BTC replicate that market trend? It is worth following.

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