The trend of the crypto market is still reflected in the local hot coins. Bitcoin is still hovering between 57,000 and 58,000 points, and Ethereum is trading sideways above $3,100. It is obviously supported by the imminent approval of spot ETFs. The German government's Bitcoin has been sold out, and the pressure on the market has been temporarily relieved, but the problem of Bitcoin compensation in Mentougou has not been solved. This cancer has always been the biggest factor affecting the market trend.

On July 12, CycleCapital published an article to analyze the selling pressure of BTC in Mentougou. Data shows that as of July 12, 138,000 BTC are still in the account address of Mentougou. It can be considered that the selling pressure of Mentougou has not actually entered the market. KP92877 exchanges, pay attention to changes in news in operation.