I just read the news, saying that the main reason for the decline this time is that the German government sold more than 10,000 bitcoins this month, and has been dumping the market to sell, and then superimposed with the negative news of Mentougou's repayment, I think it's also quite funny, 10,000 bitcoins? Many big guys have 10,000! Which of the American ETFs doesn't have tens of thousands, hundreds of thousands, or even millions of them? Are they scared by the dumping of these 10,000?
Just now, Brother Sun said that he was willing to take the remaining tens of thousands of coins from the Germans in the off-market, so that they don't go to the market to mix, and some people said why don't you take the Mentougou ones? I think the German government's is easier to operate. If you want to sell, you can sell it in a package, and the Mentougou one is too complicated, with all kinds of long-winded rules and promotion methods. It is impossible to sell them all in a package to the big guys in the off-market. And Mentougou only has 140,000 coins in total, and it plans to drag it out for ten years! What is there to worry about? Now ETFs from all countries are listed, can't you buy 140,000 in ten years? There is really nothing to panic.
I guess today's market crash is to prepare for the upcoming launch of the Ethereum spot ETF. It is the final wash, using the German government's sale of coins to wash the market. Everyone stays calm and gets washed out. In a few days, once the Ethereum spot ETF is launched, there will definitely be a round of explosive pull. ETH is likely to go directly back to 4,000. Everyone sit tight and let it go!
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