A sudden disaster!
Mentougou has just transferred nearly $7 billion worth of Bitcoin. Will BTC fall to 60,000 this time?
First of all, the deadline for repayment this time is October 31st, not to be dumped into the market now, and the most important thing is that everyone has known about the Mentougou incident in the past two years, and the market has fully anticipated it, so there is definitely selling pressure, but it will not cause a crash.
I think if Bitcoin can pull back to above the previous pin 66,400, it is actually a very perfect entry point. In fact, compared to Mentougou, I care more about Friday's inflation data.
But the question is, this is the selling pressure of Bitcoin, why do you have to take Bitcoin? Taking Ethereum and other small coins is actually a more stable choice, because these coins are only implicated, but there is no actual selling pressure in the future, so these coins are actually more stable than BTC.
This is an emergency, no one can know that it will be launched this morning, so every operation should leave some room for yourself, try to keep the multiple as low as possible, if it is high, then small position or set stop loss, because there are always a few days in 365 days a year that will have unexpected surprises or shocks!