Sun Yuchen recently suffered a major loss, as the price of Ethereum plummeted by 10%, causing his portfolio to suffer a huge loss of $66 million. This market volatility has had a serious impact on his holdings, causing the value of his large holdings of Ethereum assets to drop sharply.

Looking back at his investment strategy, Sun Yuchen has always been marked by high risk and high returns. From February to June 2024, he purchased a total of 361,137 Ethereum through three major wallets. Specifically, he bought 169,604 Ethereum at an average price of $2,870 in February; in April, he increased his holdings by 176,117 Ethereum at $3,177; and in June, he bought another 15,416 Ethereum at $3,474. Although he had made a profit of $58 million the day before the price drop, all his holdings are now in the red.

Faced with the sharp fluctuations in the market, Sun Yuchen proposed a broader strategy to stabilize the cryptocurrency market-acquiring Bitcoin held by the German government through private means. This move has attracted widespread attention.

Recently, the German government's massive Bitcoin sell-off has had a negative impact on investor sentiment and exacerbated market instability. Sun Yuchen said that he is willing to work with the German government to privately acquire these assets to alleviate market chaos and is expected to alleviate the sharp price fluctuations that may be caused by large-scale sell-offs. However, whether this proposal can get a positive response from the German government and whether it can effectively stabilize the cryptocurrency market remains to be seen.

#BTC☀ #美联储何时降息？ #德国政府转移比特币 #美国6月非农数据高于预期 #孙宇晨

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