What is the reason for today's plunge?

MtGox

The compensation of MtGox is more than 140,000 BTC in total

Valued at $9 billion, the existing ETF holds a total of $14 billion worth of BTC

The Mentougou exchange was stolen in 2014.

When will the compensation be paid? This is the major unresolved event in the cryptocurrency circle in the past 10 years

At that time, the cost of holding the currency for these people was about 800-1000 USDT

Now it has risen more than 60 times, and most people will definitely sell the currency after getting it