Just now, the Mentougou platform sold 0.21 bitcoins, which is a big deal!
Some time ago, the German government used 49,800 bitcoins to bring the price down a little. But now, Mentougou only sold 0.21, and the price of bitcoin fell below $64,000.
If Mentougou does this again, it may mean that there will be more bitcoins to sell later, and people in the market will worry, oh, so many bitcoins to sell, the price must continue to fall? Thinking of this, everyone may rush to sell, and the price will really fall.
But now, we don’t know whether it will be like this, we can only wait and see.
The current price of Bitcoin is around $63,000. I think we still have to be careful and see what will happen later to see if anyone is really selling a lot of Bitcoin.
However, if everyone is still calm and not in a hurry to sell, then Bitcoin may still rise again.
So, today I suggest that we wait and see, don't rush to buy or sell, wait until the market is clearer.
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