Yesterday, the positive CPI briefly stimulated the cryptocurrency market.

Bitcoin once began to challenge the strong pressure level of 60,000, and Ethereum also broke through the recent high of around 3,215.

At that time, Thirteen told everyone internally to reduce their positions. Sure enough, the market fell all the way afterwards.

The US stock market was even worse. The assets of the six giants totaling 600 billion US dollars were wiped out, and Tesla once plummeted 8%.

Cryptocurrency only pulled back by about 1.5%, which is already quite resistant to declines.

The key to the future market still depends on the selling pressure. The good news is that Germany is finally going to stop, and now there are only 4,925 bitcoins left.

This number has no challenge to the market, so this negative selling pressure has become a thing of the past, which is a positive.

But the greater selling pressure in the entire market may have just begun.

First of all, Mentougou. Today, I saw many experts analyzing that the selling pressure in Mentougou has not really started, and now it has begun to take over from Germany.

The selling pressure of 8 billion US dollars is very unbearable for the current market.

Not only that, Genesis is also selling its Bitcoin...

So the selling pressure in the entire market has not decreased, but has become more severe than before.

The market may need about 2 weeks to digest this selling pressure.