Today, Mentougou continues to complete its repayment plan as planned.

The market's upward momentum was suddenly interrupted by this, and it fell directly to 62,000.

In the articles of the past few days, Thirteen has said that the selling pressure in Mentougou has just begun, and the market is still under great pressure.

Mentougou suddenly transferred 48,641 bitcoins to the Kraken exchange, through which it repaid BTC and BCH to creditors.

A full 3.1 billion US dollars, plus the previous few transactions, a total of nearly 10 billion, looks very scary.

Germany's 50,000 coins can smash the market to 53,000. If the selling pressure of Mentougou enters the market, will it smash to the beginning of 4?

Although there is such a possibility, Thirteen believes that the probability is very small.

First of all, these creditors may not choose to sell after getting the coins. Since these creditors have experienced Mentougou, they are basically old leeks in this market.

Old leeks have unprecedented confidence in the current market. After they get Bitcoin, the cost is so low that it can be almost ignored. At this time, their wisest choice is to continue to hold it until the big bull market.

Therefore, we saw that after a brief panic, the market quickly rebounded.

In the face of such unpredictable market conditions, it is almost impossible to make money whether you are shorting or long.

When bad news comes, you think the market will plummet, but it goes up again. You may find that the market has fallen again when you wake up tomorrow morning.