(2/2) Say goodbye to panic, the opportunity for copycat hot spots is here!
After the German government's wallet is cleared, the next known selling pressure will come from Mentougou's more than 140,000 $BTC compensation assets, including:
* There are 6,500 individual creditors, which may be sold through CEX. The number is small and the impact on the market is small.
* Other creditors are institutions. Judging from the German government's selling experience, Mentougou's compensation institutions are more likely to sell OTC.
The German government sold nearly 50,000 BTC in just 25 days, indicating that the OTC market has a strong ability to take over. Mentougou's compensation selling pressure is large, but judging from the continuous net inflow of spot ETFs, it still has the ability to take over. Mentougou is also a one-time event, which will not affect the overall bullish trend of Bitcoin. It just takes some time to digest the selling pressure.
2. Market Tone and Suggestions
1. Although there is selling pressure in Mentougou at present, the conditions for reversal are not yet met, but the OTC's acceptance capacity and the continuous net inflow of ETFs also indicate that the probability of further sharp declines is small, and it is not appropriate to be overly bearish.
2. The German government's selling experience may be used as a reference by the compensation institutions in Mentougou. The market panic may come to an end temporarily, the trend of the big cake tends to be mild consolidation, and hot copycats may also have good opportunities.
