#us-china-tensions

#us-china-tensions

Panama Ports Company (PPC), part of the Hong Kong conglomerate CK Hutchison, said the Panamanian government acted in disregard for the rule of law. It decried what it called the latest steps to invade and take the property of PPC during a search on Thursday. It also accused authorities of entering a private storage site without notice and ignoring requests to safeguard sensitive corporate data.

Bitcoin traded near USD 108,000 on Wednesday, with the market showing signs of uncertainty as traders continued to react to mixed macro signals. Liquidation data maintains a slightly bearish tone, with USD 354 million in long positions liquidated over the past 24 hours versus USD 298 million in shorts, indicating that investors remain sensitive to downside swings and are quick to take risk off the table.