Who is dumping the market in June? Trump vs. Biden on the 27th, the big guys debated and the cryptocurrency circle suffered?

As of yesterday (June 25), the price of Bitcoin once fell below $60,000, and the lowest fell to $58,900. Today it gradually adjusted back to 62,000. Why is the market so sluggish in June?

Who is dumping the market?

Mt. Gox pays Mt. Gox announced plans to start distributing 143,000 BTC to its creditors, generating huge selling pressure and causing market panic.

Miners sell off In June, mining machine sales hit a yearly high. Miners sold about 30,000 BTC worth $1.8 billion in the first three weeks of this month.

ETF funds have been flowing out in large quantities Since June 15, the outflow of funds from Bitcoin ETFs has exceeded $1 billion. ETFs have experienced outflows for seven consecutive trading days, and this trend is expected to continue.

German government sells off Last week, the German government transferred a total of 1,700 BTC to Coinbase, Bitstamp and Kraken. Today, they transferred a total of 400 BTC to Coinbase and Kraken, worth about $24.34 million.

Fed Governor Bowman: "If the progress of inflation retreat stalls or reverses, still willing to support rate hikes" Fed Governor Bowman said that inflation is expected to remain high for some time. It is not yet the right time to cut interest rates, and the basic outlook remains that inflation will return to 2% as the policy rate remains unchanged for "some time."

Willing to support rate hikes at future meetings if the progress of inflation retreat stalls or reverses. Central banks in other countries may ease policy earlier or faster than the Fed. The United States has made only "modest further progress" on inflation this year. June 27 key node

On June 27, Trump and Biden will have their first general election debate. The holding of this debate will have an important impact on the election of the two candidates. At the same time, it will also have a certain impact on election-related cryptocurrencies (such as PEOPLE).

Investors can follow the progress of this debate to find new investment opportunities in the market. Bitget Exchange's second son BWB, the second phase of Launchpad ended the snapshot at 10:00 (UTC+8) on June 27, explaining that a large number of tokens will be unlocked, which may cause the coin to pull back. Please be sure to pay attention to the risks $BTC $ETH