Misfortune has come! Mentougou has just transferred nearly $7 billion worth of Bitcoin. Will BTC fall to 60,000 this time?

First of all, the deadline for repayment this time is October 31st, not now. More importantly, the Mentougou incident has been widely known in the past two years, and the market has fully expected it. Therefore, although there is selling pressure, it will not lead to a crash.

I think that if Bitcoin can pull back above the previous pin 66,400, it will be a very ideal entry point. Compared with the Mentougou incident, I am more concerned about the inflation data on Friday.

But the question is, this is the selling pressure of Bitcoin, why should I take Bitcoin? Taking Ethereum and other small coins may be a safer choice. Because these coins are only affected by the collateral, there is no actual selling pressure in the future, and they are more stable than BTC.

This incident was sudden, and no one could have expected it to happen this morning. Therefore, you should leave some room for yourself every time you operate, and try to choose low leverage. If you use high leverage, you should have a small position or set a stop loss. Because there are always a few days in a year that will have unexpected surprises or shocks!