Look at this chaos. The German guys and Mentougou are simply cheating people without negotiation. They sell off BTC in large quantities and fill CEX with them, making the market like a roller coaster, and people are terrified. Isn't it obvious that they are playing with fire and getting burned? If CEXs are still like nothing happened and don't join forces to do something ruthless, the cryptocurrency world will probably become a wasteland of wild growth, and the bull market will be sucked dry by those vampires who hold Bitcoins that are as cheap as grandma's house.

Speaking of which, the few coins in the hands of the German government and Mentougou are just enough to fill their teeth. 200,000 coins? What a joke! Look at those big-name Bitcoin spot ETFs, which hold 860,000 coins and are as stable as old dogs. Why? They paid real money to buy it, and they have to earn back a lot of management fees. They are not like those confiscated by the government, who got it for free and smashed it without any regret. It is simply a rogue behavior in the financial world, just like the big shareholders in the stock market clearing out their warehouses and selling off. It's a mess!

Mentougou is even more unlucky. When the crime storm broke out, the currency was locked. Now it is like waste paper. They smashed the market without blinking an eye. How can the market not panic? These zero-cost "black gold" specifically targets large exchanges. The bottomless pool has been muddied by them. If they don't manage it, some country's confiscated currency will come out one day to join in the fun. How can this market be played?

Blockchain is a good thing. It can trace the source. Now the technology is awesome. Once the wallet moves, the slow fog alarm will sound immediately. But the question is, why are these large exchanges so inactive? The top ten big guys, set a threshold for those abnormal funds and don't let them come in and make trouble. It doesn't mean to completely block it, but at least there should be a degree. The quantity, time and method should all be carefully considered. Learn from the stock market. How the original shares are sold is how you do it.

Over-the-counter transactions and small exchanges, you can play as you like. As long as it doesn't harm the big scene, we won't say much. But if these black money are allowed to stir up trouble in the top exchanges, the crypto market is afraid that it will be cold, and black swans will fly all over the sky. I hope this turmoil can sound a wake-up call to those big guys, and quickly set rules so that this market can run properly and stop being so smoky.