Will the Mentougou incident trigger a market crash?
Recently, the Mentougou incident has once again become the focus of the market, especially the Bitcoin activities associated with it. Many investors are skeptical about whether this will trigger a large-scale market decline?
First, we need to realize that although the amount of Bitcoin involved in the Mentougou incident is huge, the part that can really cause a substantial impact on the market is quite limited.
Why?
First, the compensation plan is carried out in installments, which means that the release of Bitcoin will not be completed overnight, thereby reducing the immediate impact on the market.
Second, many creditors may have transferred their Bitcoin claims, and these receivers or institutions may not be in a hurry to sell.
Third, for those investors who are optimistic about the prospects of Bitcoin in the long term, even if they receive compensation, they are unlikely to sell immediately.
In addition, there is no shortage of institutions and wealthy people in the current market who are waiting for the price of Bitcoin to fall back in order to seek a good opportunity to buy. Therefore, the Mentougou incident is more likely to be used by capital as an opportunity to create short-term panic and obtain low-priced chips.
The impact of the Mentougou incident on the market is expected to be limited and is unlikely to trigger a sharp decline in the market. If there is an adjustment, it will be a good opportunity for long-term investors to make a layout.
Next, let's focus on several highlights of the cryptocurrency market this week:
The concept of RWA (real world assets) continues to heat up, and tokens such as ONDO and DUSK are worth paying attention to.
As the European Football Championship approaches, sports industry-related tokens $CHZ are expected to benefit from the rise. UNI and LINK have attracted much attention due to their respective good news.
In terms of new product launches and potential opportunities, STG is about to launch version V2, and LayerZero tokens are also rumored to be listed soon.
ETC may usher in a short-term rise after halving.
Other interesting tokens include BLUR, and the NFT market may benefit as the price of Ethereum rises.
FTM may present a buying opportunity after a pullback. And $PEPECOIN, supported by Internet celebrities, is also worth paying attention to.
