HIDDEN FACTORS AND CONSEQUENCES OF BITCOIN'S DECLINE
Mobility Driving Down Bitcoin's Price Found!
PlusToken continues to sell thousands of BTC.
The price of leading cryptocurrency Bitcoin has actually started to fall regularly after the peak reached in July, falling again to the $ 6,000 band with a drop of 4 per cent and above yesterday evening.
PlusToken steps up BTC sales
While experts could not pinpoint exactly where this decline originated, blockchain research firm Chainalysis revealed this was due to the ponzi structure known as PlusToken. The Chainalysis research highlights that Plustoken sold 20,000 BTC and 790,000 ETH on the morning of the same day, and yesterday it is known that not only Bitcoin but Ethereum suffered a sharp decline, falling to $ 130.
Chainalysis also highlights that PlusToken members have already liquidated $ 185 million worth of Bitcoin independently of the company, creating a separate sales pressure.
Alex Krüger referenced the relevant analysis, noting that 25,000 bitcoins had been cashed by PlusToken since April, and admitted that this was the second biggest factor driving down the BTC price.
https://twitter.com/krugermacro/status/1206635277936140291
HOW IS PLUSTOKEN👇👇👇
https://www.publish0x.com/kriptosedat/who-are-owners-how-plustoken-works-xmreep
