QCP 指出，BTC 价格在 Mt Gox 宣布将在 7 月初开始分配后暴跌至 60,500 美元的低点。 Mt Gox 今年已转移超 14 万枚 BTC（价值 90 亿美元）为偿还做准备。但 7 月期权市场活动较少，表明市场不太预期分配本身会引发剧烈波动，建议部署累积策略。

<div>QCP 指出，BTC 价格在 Mt Gox 宣布将在 7 月初开始分配后暴跌至 60,500 美元的低点。 Mt Gox 今年已转移超 14 万枚 BTC（价值 90 亿美元）为偿还做准备。但 7 月期权市场活动较少，表明市场不太预期分配本身会引发剧烈波动，建议部署累积策略。<br><br></div>

QCP：7 月期权市场活动较少，表市场未预期 Mt Gox 分配会引发剧烈波动

QCP pointed out that the price of BTC plummeted to a low of $60,500 after Mt Gox announced that it would start distribution in early July. Mt Gox has transferred more than 140,000 BTC (worth $9 billion) this year to prepare for repayment. However, the low activity in the options market in July indicates that the market does not expect the distribution itself to cause sharp fluctuations, and it is recommended to deploy an accumulation strategy.

<div>QCP pointed out that the price of BTC plummeted to a low of $60,500 after Mt Gox announced that it would start distribution in early July. Mt Gox has transferred more than 140,000 BTC (worth $9 billion) this year to prepare for repayment. However, the low activity in the options market in July indicates that the market does not expect the distribution itself to cause sharp fluctuations, and it is recommended to deploy an accumulation strategy.<br><br></div>

QCP: July options market activity was low, indicating that the market did not expect Mt Gox distribution to trigger sharp volatility

Author: Climber, Jinse Finance
On June 24, the crypto market experienced another sharp drop, with BTC falling below $63,000 and SOL falling to around $125. Although the top currencies have not yet fallen to the level of April this year, the decline of many blue-chip Altcoin has already caught up with the early bull market last year. Many investors said that their earnings for most of the past six months have been lost in the past few weeks, and they may have to "wear the yellow robe" again.
[The crypto market plummeted, blue-chip altcoins fell to the beginning of the bull market, what are the negative factors that caused it? ]
As of writing, the number of spot currencies on Binance alone has fallen to 1,150, while the number of rising is only 106...

The crypto market plummeted and blue-chip altcoins fell to the beginning of the bull market. What are the negative factors that caused this?

Author: Climber, Jinse Finance
On June 24, the crypto market experienced another sharp drop, with BTC falling below $63,000 and SOL falling to around $125. Although the top currencies have not yet fallen to the level of April this year, the decline of many blue-chip Altcoin has already caught up with the early bull market last year. Many investors said that their earnings for most of the past six months have been lost in the past few weeks, and they may have to "wear the yellow robe" again.
[7246859]
As of the time of writing, the number of spot currencies on the Binance platform alone that have fallen is 1,150, while the number that has risen is only 106, accounting for less than 10%.
The crypto market's surge and plunge belongs to...

The crypto market plummeted, blue-chip altcoins fell to the beginning of the bull market, and these negative factors are to blame

From the analysis of on-chain behavior, how far may BTC fall in extreme cases in the bull market?
The overall logic is to evaluate from two aspects based on on-chain behavior analysis and historical data.
Method 1: From the perspective of STH-MVRV (short-term holders)
Short-term holders are important participants in the bull-bear transition, so the performance of STH-MVRV has extremely important reference value in the bull market cycle. I have used 2 tweets to explain its principles and functions in detail. New friends can refer to the following link, and I will not repeat it here.
About STH...