Mentougou has started to pay creditors!
After ten years of rights protection, creditors are now receiving compensation from Mentougou. The compensation is 20% of the coins. It is conceivable that the price of Bitcoin ten years ago is very different from today! Mentougou did not choose to pay legal currency. This is a favorable situation for the market. The compensation of coins, the selling pressure of coins in the hands of retail investors is not so great, and Mentougou's compensation is also continuous. Not all creditors are paid at once, but in batches, which greatly reduces the selling pressure of creditors on the market!
However, Mentougou will not pay all the coins in its hands! That is to say, Mentougou may choose to sell the remaining part of Bitcoin!
Some creditors have already sold their claims to some institutions! Now the price of Bitcoin has stabilized at 58,000, and the market bullish sentiment is also growing, but this does not mean that the market has ushered in a reversal. There is no narrative yet! There is no need for a reversal! If the market over-hypes the Mentougou compensation, then the market may rush to around 60,000 and then fall to 53,000. It is not impossible to have a wave of long and short double kills to clean up the contract! For spot, you can gradually lay out, and there should be a narrative in August and September! The market is changeable and there are too many uncontrollable factors. The above are personal opinions and do not constitute any investment advice! $BNB $ETH $BTC #美国6月CPI大幅降温 #币安7周年 #美联储何时降息? #美国大选如何影响加密产业? #德国政府转移比特币