💥💥The German government’s fund transfer and market reaction㊙️㊙️
Yesterday's Bitcoin market saw significant price fluctuations, mainly due to the German government's large-scale Bitcoin transfer operation. It is reported that the German government transferred more than 10,000 BTC from a specific address, and soon after transferred approximately 4,000 BTC.
This series of capital flows quickly caused a chain reaction in the market, causing the price of Bitcoin to fall first and then rise. Market participants are puzzled by this behavior of the German government, especially why it chooses to transfer some Bitcoin back when considering the potential motivation for selling. On Thursday, the CPI data to be released in the United States may have an impact on market sentiment, and investors need to be wary of the resulting price fluctuations. #美国大选如何影响加密产业？
During periods of market weakness, it is especially important to look for emerging hot sectors.
This year, the combination of AI and DePIN concepts has become a new favorite in the market. In particular, the progress of the $IO project in this field deserves investors' attention. Io is a GPU mining coin that was recently listed on Binance and is suitable for miners and retail investors. The official website provides a GPU points multiplier, with a daily income of about US$10, depending on the hardware configuration. Because it is a VC coin, the market may fluctuate. The Depin sector represents infrastructure, is related to VR, AI and other sectors, and has the potential for speculation. Io.net is a decentralized GPU computing power network that serves AI, games, etc. and integrates over 200,000 GPUs. IO is its token, used for governance and utility. It has completed two rounds of financing and plans to launch a pledge mechanism. #IO去中心化算力网络
