Two potential positives in the current market:
First, the German government has been selling BTC continuously in recent days, and the remaining spot positions are less than half, from 50,000 to a few thousand. At this rate, they will almost end the selling in the next two weeks. By then, Deng Dabing will digest Xiaode's selling pressure and rebound for a while.
Secondly, according to the news, the FTX liquidation team mentioned in the email that the compensation hearing will begin within two months, after which they will return more than 10 billion US dollars to various creditors. Note that this money is returned in the form of US dollars. At that time, after receiving the 10 billion, these creditors are expected to return a large part of the funds to the currency circle. The injection of new funds will surely inject new vitality into the market.
