Sun Yuchen lost $66 million in the Bitcoin crash and tried to stabilize the market by purchasing German government Bitcoins over the counter, but the reasons for the market decline are complicated.

1. Sun Yuchen's Ethereum investment: Sun Yuchen added 361,137 Ethereums at an average price between January and June this year.

2. Reasons for the Bitcoin crash: The Bitcoin crash was due to the release of pent-up market sentiment, including a series of events such as the postponement of the US interest rate cut, the compensation for the Mentougou incident, the selling pressure of Bitcoin miners, and the shipment of US and German governments.

3. Bitcoin market trend: Bitcoin has risen from around $20,000 at the beginning of last year to $73,000 in March this year. A large growth cycle has been completed and will inevitably be adjusted. $BTC $ETH #德国政府转移比特币 #BTC走势分析 #币安合约锦标赛