The price of Bitcoin has experienced dramatic fluctuations in the past 24 hours, with a drop of 5% at one point, and market sentiment has become tense. The main negative factors include the release of huge amounts of Bitcoin from Mt. Gox, and the market is concerned about its potential selling pressure. At the same time, the long-dormant whale accounts have awakened and are suspected of selling Bitcoin on a large scale, exacerbating the panic in the market.

During the US trading session, large sell orders continued to emerge, and the huge sales of spot ETFs reached US$20 million, reflecting investors' distrust of the current market. In addition, the frequent selling behavior of the US and German governments further weakened market confidence.

Under the attack of multiple negative news, the Bitcoin market is facing severe tests. It is necessary to pay close attention to market dynamics and adjust positions reasonably. #BTC☀ #美国首次申领失业救济人数超出预期 #非农就业数据即将公布 #Mt.Gox将启动偿还计划