Today, the Mentougou address transferred 43,114.4 BTC
526.9 BTC to 1HRAprcXCzx1YqYv7dcCcDzf3vYVGPv3b2;
42587.5 BTC to 18vjnBHWAxU4CPGPqF7Gp9JyqdVBHDct9b.
It is not clear whether these BTC belong to the internal transfer of Mentougou addresses or transferred to exchanges for creditor compensation. However, the market fell with the transfer of Mentougou.
After the German government completed the liquidation in the early morning of July 13, BTC rebounded by 13.7% in 3 and a half days. Then, with the news of Mentougou, it fell back from 65K to the current $62.5K.
At present, the main force still has sufficient information about the future market. It is expected that there will be a rebound after the late trading today. Pay attention to the risks of short orders. At this stage, the short-term should fall back to around 60,800.
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