The beginning of the Mentougou incident has triggered market concerns about potential selling pressure. The transfer of a large number of Bitcoins not only directly impacted the balance of market supply and demand, but also made investors question the stability of the market. This uncertainty is like a sword, hanging over the hearts of every participant.

German sell-off: bad news on top of bad news

At the same time, the German government's sell-off has dealt a heavy blow to the market. Since the beginning of June, the German government has begun to sell Bitcoin seized from the pirated movie website operator Movie2k in batches, which directly led to an increase in market supply and a drop in prices. What's more serious is that the German government has recently increased its selling efforts, further exacerbating the panic in the market.

Liquidity dilemma: the hidden pain of the market

The continued decline in global liquidity is also a major challenge facing the current market. Since the beginning of May, there has been no new capital entering the crypto market, and the market value of stablecoins has hovered around $160 billion for more than two months. The lack of liquidity in the market has resulted in insufficient buying power to drive the market up. This liquidity dilemma not only limits the market's upside, but also exacerbates market volatility.

The Fed's interest rate meeting failed: the market is confused

The results of the Fed's interest rate meeting did not meet market expectations, which made the market confused. Although inflation is moving in the right direction, the speed is not fast enough for the Fed to lower the US dollar benchmark interest rate. This result has exacerbated the turmoil in the global market, especially the sharp depreciation of East Asian currencies and the strong performance of the US dollar, which has further increased the pressure on the crypto market.

The power of trends: unbeatable

In this storm, we have to admit that the power of trends is unbeatable. Whether it is personal technical analysis or short-term positive data, it is difficult to change the overall trend of the market. Faced with such a market environment, investors need to remain calm and rational, and avoid blindly following the trend or impulsive operations.

For those investors who have encountered setbacks in the market, Lao Xu's shoulders are always open to you. Let us face the challenges together and welcome a better future! #比特币行情 #以太坊ETF通过 $BTC $ETH #非农就业数据即将公布 #德国政府转移比特币 #币安合约锦标赛 $