The CPI data was positive, but the market fell, indicating that there may be major players taking advantage of the good news to ship.

The June CPI released by the United States on Thursday was 3%, lower than market expectations, which should have been a big positive for the cryptocurrency market. Shortly after the data was released, the price of Bitcoin rose rapidly, reaching a high of around $59,500. However, the rise failed to continue, and the price began to fall. By this morning, it fell below the $57,000 mark.

In the case of obvious good news, the market did not rise but fell. The most reasonable explanation is that some investors used this good news as an opportunity to ship. It is speculated that this may be a large-scale sell-off by the German government or Mentougou. Previous analysis shows that the German government's Bitcoin shipment price may be above $57,000. Once the price exceeds this level, they may choose to smash the market.