Currently, there are only 15,552 BTC ($894 million) left in the German government address, which is about 31% of the original amount seized from the pirated movie website Movie2k in January.
In the past 16 hours, the German government may have sold BTC worth $496 million, including: 10,853 BTC ($637 million) transferred out at a price of about $58,659; 2,442 BTC ($141 million) transferred back at a price of about $57,560.
Powell's two-day congressional hearing is over. What he said is no longer important. What is important is the market feedback. The US dollar index rose slightly by 0.1% on the first day and fell slightly by 0.12% on the second day; the market's probability of a rate cut in September remained stable at around 73%.
In addition, the CPI data will be released at 20:30 tonight, and the current risk asset market is highly concerned about the release of the CPI. If the downward trend of the CPI index is clear, it will provide support for the Federal Reserve, which is considering a rate cut in September.
Since this is an index that may affect market fluctuations, it is recommended to wait and see before entering a position.
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