Big bull, which beast stole your money?

These events once again pierced the hearts of investors;

The bulls eventually lost to the Mentougou repayment incident and the German government's Bitcoin cash-out trend;

The crypto market was bleeding. After they used zero-cost BTC to beat the bulls, they stopped trading and withdrew their money. They were pure bloodsuckers. This unfair and harmful capital entering CEX is a typical manifestation of pure lack of supervision.

Some people also believe that such funds should not be restricted from entering centralized exchanges to dump the market. Although the confiscated Bitcoin has no cost, the cost is borne by the person being confiscated. It is just that someone else is changing the market to dump the market. This statement is ridiculous. The person being confiscated does have a cost, so he will not dump the market mindlessly. Only the cost-free Bitcoin obtained by confiscating will be dumped in such a way that it can be cashed out and left. How is this cashing out method different from money laundering?

On July 5, according to Coingalss data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is expected that CEX will have $449 million in long orders liquidated.

On the other hand, under a unilateral downward trend, as long orders decrease and short orders increase, if Bitcoin rebounds to around $56,000, it is expected that $772 million in short orders will be liquidated.

Although the market is currently sluggish, the cryptocurrency market is changing rapidly, and each trend may become the next outbreak point. Again, if you don’t know what to do in a bull market, click on my avatar, follow me, bull market spot planning, contract password, free sharing.

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