Latest market trends: The German government has sold all its Bitcoin holdings, finally eliminating this short-term selling "demon".
Although Mentougou's repayment period is as long as three months, the selling pressure will not be as concentrated as the German government's selling. Most of Mentougou's creditors are old players in the currency circle. After receiving the repayment, they are likely to continue to invest in cryptocurrencies, and the impact is limited.
Now, we can expect the market to gradually recover. Bitcoin spot ETFs have had net inflows for 6 consecutive days, and institutional legal persons are increasing their investment in the currency circle after making profits in the stock market. With such strong support, the possibility of Bitcoin falling below $50,000 is low. For friends who are under-positioned, this may be a good time to layout. Of course, if you are worried about the market going down, you can leave 20% to 30% of space.
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