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May 28/Mentougou drives the market back
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🔹Reviews of Cognitive Society
Bitcoin was originally sprinting towards the recent high of 70,700, and the market was peaceful. However, the movement of 140,000 Bitcoins in Mentougou frightened the market, and the copycat speed fell back.
Although news later proved that Mentougou had no intention of selling 140,000 bitcoins immediately, everyone was clearly in a low mood.
Because the problem that is solved is not a problem, only the problem that is not solved is a problem.
As long as Bitcoin holds 66,000, it will still be very strong and there is hope for a rebound, but the key is that the Bitcoin spot ETF has long supported the price of Bitcoin, and there seems to be a lack of follow-up in the market, which is not a long-term solution.
🔹Reviews of Cognitive Society
Bitcoin was originally sprinting towards the recent high of 70,700, and the market was peaceful. However, the movement of 140,000 Bitcoins in Mentougou frightened the market, and the copycat speed fell back.
Although news later proved that Mentougou had no intention of selling 140,000 bitcoins immediately, everyone was clearly in a low mood.
Because the problem that is solved is not a problem, only the problem that is not solved is a problem.
As long as Bitcoin holds 66,000, it will still be very strong and there is hope for a rebound, but the key is that the Bitcoin spot ETF has long supported the price of Bitcoin, and there seems to be a lack of follow-up in the market, which is not a long-term solution.
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