Sun Yuchen increased his holdings of ETH! Today is a turning point in the cryptocurrency circle. What major events will happen?
Important news! On-chain analyst Yu Jin found that Sun Yuchen bought another 1,449 ETH from Binance through the 0xDBf...Ec8 address, worth $4.76 million! Moreover, in the past four days, Sun Yuchen has withdrawn a total of 15,415.5 ETH from Binance through this address, totaling $53.61 million, with an average price of $3,478!
However, today's Mentougou incident is like a towering mountain in front of us! It has now been confirmed that compensation will begin in July. The address holds 850,000 BTC, and the amount of compensation is 140,000 BTC. The impact of this news in the later period can be completely referred to the market situation of Grayscale's market crash, and the selling pressure can be slowly digested. From other aspects, the trading volume of ETFs is now falling sharply. This weekend, it even reached only 1/4 of the normal level. This shows that the liquidity of the entire market is very weak. ETFs have reached a state of net outflow for 8 consecutive days!
Follow me to check the top, and avoid detours in the currency circle. Information gap, knowledge gap! Only with keen awareness of information can you make better layout and eat more meat!
