Justin Sun has taken action again!

Sun Yuchen's address has withdrawn a total of 15,415.5 ETH (about 53.61 million US dollars) from Binance, with an average price of 3,478 US dollars. It's really generous. Ordinary people have to think twice before buying a coin. Mr. Sun directly withdrew tens of millions of US dollars of ETH. This operation is really dazzling!

Mentougou incident: The mountain is about to be moved

Speaking of big news, today's Mentougou incident is like a mountain, and it is finally time to start paying. In July, this huge "demolition project" will be launched. The Mentougou incident address holds 850,000 BTC, and the total compensation is 140,000 BTC. For the future market trend, everyone can refer to the market of Grayscale's market smash and gradually digest the selling pressure.

ETF market is cold

It is worth noting that the trading volume of the ETF market has been declining sharply, and this weekend it was even only a quarter of the normal level. The liquidity of the entire market is not good, and the ETF has reached the level of net outflow for 8 days. This shows that investors' confidence in the market is obviously insufficient, and everyone is waiting and watching.

Summary: There is still uncertainty in the market

Whether it is Sun Yuchen's big move or the compensation for the Mentougou incident, it has brought considerable fluctuations to the market. Although there may be some selling pressure in the short term, in the long run, the market will always find its own balance point. Dear investors, remember to stay calm, make reasonable arrangements, and don't be scared by short-term market fluctuations!

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