Yesterday, Mt. Gox caused trouble again. The unscrupulous media hyped it up and caused the Bitcoin to be stabbed! We can look at this matter rationally. The number of tokens that need to be compensated will be less than people think, and the selling pressure will be less than market expectations. Mt. Gox lost about 940,000 BTC and recovered 15% (141,868 BTC). Although only 15% was recovered, in order to get compensation now (early payout), the creditors accepted about 10%
75% of BTC creditors chose this option, and about 95,000 bitcoins were used for early payment. Among them, about 20,000 bitcoins belonged to the claims fund, and about
10,000 Bitcoins go to Bitcoinica BK, and the remaining approximately 65,000 Bitcoins go to individual creditors, which may be 65,000 BTC/BCH, which is far less than the 141,868 Bitcoins regularly released by the media.

There is only one eternal truth in this world: Scarcity makes things valuable. Whether it is gold, Bitcoin, or various luxury goods, they all follow this principle. Many things seem complicated, but in fact the truth is very simple: the essence of price changes is the relationship between supply and demand. Once there is oversupply, asset prices will fall; conversely, when supply is insufficient to meet demand, prices will rise. Think about the price of Mentougou back then, and then look back at the current price. I wonder what everyone here thinks!

Bitcoin reduces its supply every four years through the mining halving mechanism, so there will be a bull market cycle every four years. At present, Bitcoin is still in a period of rapid development, and most people think that Bitcoin is worthless and can no longer rise. This is because they have no understanding of the essence of blockchain technology and the increase in Bitcoin. Anyone who can say this is basically someone who entered the market after 21 years. Therefore, the investors who can recognize the value of Bitcoin now are still those old players who have been enjoying the cognitive dividends and liquidity premiums brought by Bitcoin in the past few years and in the next few years.

Market analysis:

BTC：

Bitcoin's entry to around 580 is in line with expectations. 580 is a very important support level, so the bulls will resist here, so the recent rebound is expected to be 645. The daily chart has formed an M top, and the market is in panic. This market is very similar to June last year, with a volatile and negative decline without a large-scale downward market.

ETH：

Yesterday, it did not reach the expected 3140, which shows that the bulls are relatively strong. Today, we are looking at a rebound to 3510;

Altcoins:

The copycat market did not follow the trend of Bitcoin and Yitai yesterday, which shows that it has reached the bottom. It is highly likely that the market will rebound while the main players are resting. From a comprehensive perspective, the sectors that will rebound this round will be AI, WLD, ARKM, POND, FET, and LAMB, which must be allocated funds.