The address of Mentougou has started to transfer money. The current market sentiment is relatively good because the selling pressure of the German government has ended. Since the current wave of Bitcoin surge, those who are close to the cost have gradually reduced their positions by 30% and do not make full positions.

Next, everyone is more concerned about whether the compensation of Mentougou will lead to a collapse of the market. First of all, the price of compensation paid by Mentougou is about 10% of the current price of Bitcoin. However, the selling pressure of this batch of Bitcoin is different from that of the German government, because the coins will be in the hands of early investors, that is, victims. It depends on them whether to sell or not. In addition, the approval of Ethereum ETF will be next week. Therefore, if Mentougou starts to pay compensation this week, I personally think that it is highly likely that it will not be sold so quickly, because the market is waiting for the ETF to pass and see the effect.

So I still say that the news will be analyzed as soon as it comes out. There will be ETFs and interest rate cuts in the future. The compensation period of Mentougou will be very long, and I don’t think the victims will sell out.