$BTC can open a short position in BCH

The compensation of Mentougou 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 to pay compensation is a major unresolved event in the currency circle in the past 10 years

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

Now it has increased by more than 60 times, and most people will definitely sell the coins

During this period, BTC has fallen for 20 consecutive days.

A large part of the reason is that Mentougou will have to pay compensation before October

We estimate that there will be relevant news in August-September

But I didn’t expect that compensation would start in early July

So this news broke today

Be careful that BTC falls below $60,000

How to pay specifically, how much to pay at a time, and through which exchange to pay, we don’t know yet

But it is certain that compensation will take a long time,

because many people have to go through the KYC process (if they are Chinese, it may be more troublesome)

It is not clear whether this matter will be reversed,

and more information needs to be disclosed

What should we do now?

De-leverage the contract, reduce the position, and buy it back if it falls

Keep about 30% of ETH and other coins

Free up other positions to get bullets, and take one step at a time

Information source: Bit Eagle $BTC $ETH #Mt.Gox将启动偿还计划