For the crypto market, which is already facing liquidity crisis, the compensation plan that Mt.Gox is about to launch is undoubtedly a blow to the head. Why does the incident have such a big impact?
Mt.Gox disclosed that it plans to start BTC and BCH compensation in July. At the same time, the compensation of Mentougou is also paid in batches. Now it has not been paid yet and it has been smashed? The negatives are out in advance, and the unsteady chips are cleared. As for the selling pressure that the market is worried about, I don’t think it will be so terrible, and I even think it will not have any big impact. However, the market chose to fall at the first time yesterday, which is also normal. The market will choose to look at the first time, and then slowly repair it if it is wrong. In addition, the Bitcoin spot ETF has a large outflow and a decrease in inflow, large-scale token unlocking selling pressure, investors’ active selling, FUD sentiment, and poor performance of BN new coins have caused it.
