The liquidity that the bulls have worked so hard to build up in several major exchanges will be sucked dry by Mentougou and the German government. The key is that after they used zero-cost BTC to beat the bulls, they did not continue to trade, but withdrew their money and left. It was pure blood sucking. This unfair and harmful capital entering CEX is a typical manifestation of lack of supervision.

Even though it has been smashed to such a state, the unethical German government and Mentougou are still continuously transferring large amounts of BTC to recharge CEX and create a tense atmosphere. This situation is thought-provoking. If CEX does not unite to establish an abnormal funds monitoring mechanism, it will be difficult for the currency circle to embark on a path of healthy development. There will always be people who use the almost free Bitcoin to cash out and suck blood, thus killing the bull market.
In fact, the German government and Mentougou do not have the most bitcoins, with a total of less than 200,000. Let's take a look at the top 9 Bitcoin spot ETFs, which currently hold more than 860,000 bitcoins. Why don't ETFs dump the market? Because they bought them with real money! There are also fund management fees, etc., which have costs, and they will only sell them when they make money. However, the German government's confiscated bitcoins have no cost, and selling them for 100 yuan is free, so they will dump the market. This violates the basic rules of the financial market, just like allowing original shareholders to sell and cash out at will in the stock market! That would be a disaster. Mentougou was forced to lock up its positions because of a criminal incident. Compared with now, it has almost no cost, so the market is worried that customers will dump the market after receiving them, causing panic.