China injected $62 billion into its banking system on Friday via 7-day reverse repurchase agreements, the latest move by Beijing to support economic growth. The cash infusion comes as prediction markets give Bitcoin a slim 0.4% chance of hitting $82,500 in July, though odds of reaching $67,500 stand at 36.5%.
Why Beijing pumped in liquidity
The People's Bank of China conducted the reverse repos to add short-term funds to the banking system. The operation is part of a broader effort to keep credit flowing and support the economy. China has been using such tools regularly this year to manage liquidity. Reverse repos are a standard tool for the PBOC to inject short-term cash, effectively lending money to banks against securities.
What the prediction market shows
According to a prediction market, the probability of Bitcoin reaching $82,500 in July is just 0.4%. That's a long shot. The same market puts the chance of Bitcoin hitting $67,500 this month at 36.5% — still less than even odds but far more plausible.
Bitcoin's price has been volatile in 2026, and these numbers reflect the market's current view. The month still has two weeks to go, so those odds could shift quickly if a major catalyst emerges. For now, traders are pricing in a relatively subdued July for the largest cryptocurrency.
The two data points paint a picture of a central bank acting to stimulate its economy while crypto markets remain cautious. Whether China's liquidity injection will spill over into risk assets like Bitcoin is an open question.
