Is the crypto market leaking? BTC broke through 54,000 in the short term. What is the culprit?
First, market sentiment continues to be sluggish: Although BTC has been fluctuating at a high level, the performance of on-chain assets and copycats is disappointing. BTC has continuously tested and fallen below 57,000, completely stepping on the market's "emotional mines" and starting panic selling.
Secondly, some miners choose to surrender: some miners are like "miners' escape", and they quickly sell their bitcoins when the price falls, fearing that it will fall further.
The German government continues to sell: The German government is like a "bitcoin sale", selling about 10,000 bitcoins in the past half month.
Mt. Gox compensation expectations: The Mt. Gox compensation issue is like a "sword of Damocles hanging over its head", and a large number of bitcoins are expected to be sold.
