Market dynamics
Market volatility: The market is like a roller coaster, with large fluctuations yesterday, rebounding from the bottom and then plummeting, and is currently stable at $57,000.
Progress in Mentougou: There is little news recently, and it is expected to be in the process of compensation layout.
German government actions: Actively transfer and sell coins, holding 27,461 bitcoins, worth about $1.56 billion, accounting for 20% of Mentougou.
ETF fund inflows: Obviously bottom-fishing, with an inflow of $140 million the day before yesterday and more than $100 million yesterday (not counted by BlackRock).
Important event preview
Powell's speech: Fed Chairman Powell will deliver a speech at 10:00 tonight and tomorrow night.
CPI data release: CPI data will be released at 8:30 pm the day after tomorrow.
Investment advice
Coin holding strategy: Be patient, avoid being affected by panic, and hold positions and wait for a turnaround.
