Yesterday, the market crashed again, and the liquidation indicator showed a signal to stop falling.

The three major addresses all showed abnormal movements again: Germany and the United States sold coins again, and Mentougou is preparing for repayment.

How should we deal with the current market:

Yesterday, the market crashed again. BTC fell below 5.7w from 6w the day before yesterday, and ETH also fell below 3.1k. At the same time, BNB also fell below 520, and the rest of the altcoins fell by 15%-20%.

According to the liquidation data, the liquidation data of long orders in the decline of the day before yesterday was less than 200 million US dollars, while the liquidation of long orders in yesterday's plunge exceeded 300 million US dollars. Basically, once it exceeds 300 million US dollars, the long orders in the market must have been almost cleared, which may be a signal to stop falling.

The fundamental reason for the rapid decline of the entire market is that Germany sold BTC worth 170 million US dollars. Basically, the recent weakness of BTC is caused by Germany buying coins. We can see from the German address that the address currently holds 42,000 BTC, worth 2.5 billion. Grayscale took more than four months to clear its own plate, and if Germany wants to clear all these BTC, then BTC may return to the beginning of 4.

However, from the side view of Germany's purchase of coins: Germany buys coins and exchanges them for funds, which is a disguised way of listing BTC as an asset attribute. Today they can exchange money by selling BTC. If the economy improves in the future, will they choose to buy back BTC as a national reserve? Recently, Trump stated in his speech that he may include BTC in the strategic reserve of the United States. Although this is also a good news, it seems insignificant in the current market.

In addition to Germany, the address of the United States also changed yesterday. They transferred out 237 BTC, but it is not sure whether they were sold specifically. However, these 237 are also insignificant in front of Germany.

At the same time, we also saw that the address of Mentougou also changed. It is estimated that Mentougou is preparing to repay its debts. However, compared with the other two, Mentougou recommends that everyone should not worry too much, because according to some information, a large part of the money on the Mentougou address has been sold to some important institutions through OTC methods, so don't worry too much.