Mentougou has a selling pressure of 9 billion US dollars, Grayscale has a selling pressure of 1 billion US dollars, and the risk of falling market still exists

Yesterday, ETH ETF officially opened for trading. The market fell first and then rose, and maintained volatility, which was better than the opening of BTCETF on January 11 (a 3.5% plunge).

It is worth noting that Grayscale transferred 1 billion US dollars of ETH to Coinbase, and ETH will continue to have selling pressure in the short term.

Risks to pay attention to:

1. Mentougou has been distributing BTC to exchanges such as Bitstamp, and large-scale asset distribution has arrived, with an estimated selling pressure of 9 billion US dollars

2. ETH ETF has an inflow of 106 million US dollars, but Grayscale has a selling pressure of 1 billion US dollars, which is still a drop in the bucket.

3. With the coming of a selling pressure of tens of billions of dollars, will Pinduoduo go?

Beware of risks, watch more and do less.

The validity period of this analysis is 1 day, and the buying and selling points are for reference:

All analysis content is for reference only and does not constitute any investment advice. Please do not trade based on this.

Buy point-:65000 USDT

Buy point 2:64000 USDT

Long stop loss point:63500 USDT

Sell point-:67000 USDT

Sell point 2:68000 USDT

Short stop loss point:68500 USDT Xiao A's analysis: Mentougou has a selling pressure of 9 billion US dollars and Grayscale has a selling pressure of 1 billion US dollars. The risk of falling market still exists

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