This morning, ETH crashed and plummeted, falling 8% in a short period of time. The main reason was the $1 billion selling pressure from Grayscale Fund. The poor performance of ETH directly dragged down the market.
Risks to be aware of:
1. Mentougou has begun to distribute BTC and BCH to Bitstamp and other exchanges. The formal large-scale asset distribution has arrived, and the selling pressure is expected to reach $9 billion.
2. Although the ETH ETF has a net inflow of $100 million, it is still insufficient compared to the $1 billion selling pressure from Grayscale.
3. The Bitcoin Conference is about to be held, and the phenomenon of falling at every conference in history has once again caused concerns.
Buy point 1: 63500 USDT Buy point 2: 62500 USDT
Sell point 1: 66000 USDT Sell point 2: 67000 USDT
