The recent market rebound was accompanied by the selling pressure of the Mentougou incident. Why did Bitcoin rise instead of falling? The market is anti-human. The negative impact turns into positive. An important factor is that the German government made a major decision to sell 49,858 bitcoins, which caused the market panic to rise from fear to greed. What is the secret? Through the following statistics, we can prove that the main force took advantage of the German government's sale of Bitcoin. Looking back at the reaction of the crypto market throughout the process, we know that Mentougou was a short-lived killing behavior.
1. The seller sold in batches over a period of about 1 month, most of which were sold in the past 8 days.
2. Between June 19 and July 8, about 10,000 BTC were sold, and the price fell from $65,000 to $54,000 (the market reported the news first, causing the market to panic and fall, and the main force took the opportunity to absorb funds).
3. The remaining 39.8k BTC are sold at a huge amount of $485 million to $682 million every day... and the market still rises from $541,000 to $576,000. (The main force uses the news to continue to wash the market, while washing and pulling, the bottom begins to rise)
4. Since then, the price of BTC has rebounded to the level after the first batch of about 2,000 BTC was sold at the end of June. (The market is overly bearish, and the main force uses the market's short-selling sentiment to pull up all the way)
The main force used the Bitcoin Germany incident again to absorb Bitcoin worth far more than $3 billion in the market, through creating a decline, washing the market to suppress and pull up, and quickly get out of the strong pull after the decline. Most of the market investment did not take over these supplies, but participated in the selling pressure, playing a trick on the main force. $BTC #德国政府转移比特币