#币安合约锦标赛 #ASI代币合并计划 #BTC走势分析

On July 5, the cryptocurrency market suffered a bloodbath, with Bitcoin falling by $6,000 in an instant. The crypto market was wailing and blood was flowing.

According to a trader, the main reason for this sharp drop was that in a panic-driven environment, the ZG government took the lead in dumping the market, followed by whales selling, Germany selling, and Mentougou repaying... Under a series of negative sentiments, the cryptocurrency market crashed.

It is reported that the tokens currently being sold by the ZG government are Bitcoins seized in the PlusToken case, with a total of 320,000 seized. Some were sold in the early days, and it is estimated that there are still 250,000 to 300,000 (this is also part of the reason why the US ETF bought so much and there is a near-death drop every month). At present, 200,000 have been processed, and there may be up to 90,000.

This sell-off can be said to be "conducted in secret." In the name of technical services, the tokens were entrusted to several "companies" in Beijing and Zhejiang for sale. After the company completed the processing, it declared and remitted the tokens into the country in the form of foreign exchange in accordance with the entrustment agreement. The execution company took advantage of the panic sentiment to short sell at the same time, choosing to sell at 60,300, and after the price fell below 60,000, it triggered the flight of large investors.