The news of Meitu's sale of cryptocurrency has had multiple effects on Bitcoin prices:

​​Short-term price fluctuations

​​On the evening of December 4, Meitu announced the sale of all its cryptocurrency, and on the morning of December 5, Bitcoin's price broke the $100,000 mark, rising 4% during the day, reaching a historical high. However, on December 6, Bitcoin's price quickly plummeted, briefly falling below $90,000 each.

​​Impact on market sentiment and confidence

​​Meitu's sale may raise concerns about Bitcoin's stability in the market, causing some investors to lose confidence, fearing that other institutions or individuals holding large amounts of Bitcoin might also sell off, leading to a spread of panic in the market and exacerbating the downward price trend.

​​Changes in supply and demand relationships

​​Meitu sold approximately 940 Bitcoins, increasing the supply in the market. When the growth in market demand does not keep pace with the increase in supply, it will lead to a price decrease.

​​Investor attention and following trends

​​Meitu's selling action attracted widespread market attention, and some investors may follow suit, further increasing selling pressure in the market and pushing Bitcoin prices lower.

​​Increased uncertainty in long-term trends

​​This event has increased the uncertainty regarding Bitcoin's future trends, leading to a divergence in investors' assessments of Bitcoin's long-term investment value, changing the balance of power between bulls and bears, and affecting the long-term stability and upward trend of Bitcoin prices.#市场调整后的方向