The main reason for the rise of Bitcoin this year is the launch of ETFs. The inflow of tens of billions of dollars directly pushed the price of Bitcoin from 50,000 to 74,000, and it fluctuated at a high level for four months. The main force has completed the escape of chips. Therefore, this wave of killing has little to do with the sale of the German government. The current reality is that 68% of retail investors who entered the market in February this year suffered losses, and some of the leeks who entered the copycat market at a high level may be trapped for many years!