#门头沟出货砸盘
Reasons why the market started to fall after the CPI data was released last night
1. Although CPI was lower than expected, inflationary pressure is still there. The market is worried that the Fed may choose to be cautious in its first rate cut, which makes investors slightly disappointed.
2. Iran's banking system suffered a large-scale cyber attack. Initial analysis believes that this is one of the largest attacks on its national infrastructure, which has led to a rise in market risk aversion.
3. A large amount of BTC was transferred from the Mentougou wallet address recently, and about 33,100 BTC (about 1.97 billion US dollars) flowed out of the market, exacerbating the selling pressure.
4. Yesterday, the US government transferred 10,000 BTC (about 591 million US dollars) to Coinbase Prime, exacerbating the selling pressure.
