$BTC Due to the abnormal movement of Mentougou wallet, it has caused a short-term decline. Mentougou wallet has a total of 14,200 bitcoins, about 10 billion US dollars. At present, it is a collection on the chain. If compensation really starts, there is nothing to worry about.
First of all, today's market volume will not have a big problem digesting 10 billion US dollars, because there are ETFs, and the market capital volume is much larger than before.
Secondly, the compensation will not be paid all at once, and it will definitely be paid in installments and batches, so even if all the market crashes, it will not be completed instantly.
Mentougou's compensation is short-term negative and long-term positive. The short-term decline will not affect the concept of trend, and the violent bull market in the second half of the year has not changed.
At present, the 4-hour level needs to continue to fluctuate and adjust, and the originally opened upward channel has been destroyed again.
Next, focus on the position of 66,000. If the 4-hour level falls to this position again, then the short-term will enter the decline verification support mode again.
