The U.S. Department of Justice approves the sale of Bitcoin; should you hold or sell?
The crypto market also follows the rules of the financial market. When a pullback occurs, various negative news comes out, and the wash trading has been washed out. What is wash trading? It makes you think that the coins you hold will further decline, causing you to lose confidence and sell at a loss. Before each significant breakout, there will always be a period where the weak holders are forced to give up their chips, and it is necessary to eliminate the panic sellers.
How to eliminate panic sellers? Isn't it about smashing the market combined with news? Over 6 billion worth of Bitcoin being dumped asks if you're scared. If you're scared, then you've fallen into the wash trading trap. But will it really dump? I think it might not happen. Because every country has strategic reserves, including the 'Panda' family. The purpose of the reserves is not to seek profits but to serve as an economic weapon for attacks or defenses once they have a say. I can't lack what others have.