Iliu

Unlimited Arbitrage

Infinite Arbitrage, waiting for returns

The second quarter of the encryption market can be said to have been a pullback since March 13th, and finally took a breath and started to rebound at the end of May. However, the rebound lasted for less than half a month. In late June, the market fell again, and the entire encryption market showed no improvement in the second quarter. For the group of frens who mainly hold BTC, in the second quarter, BTC fell from a low of 70,000 to 58,000, with a total asset pullback of about 10% to 20%. Basically, we entered the market between 20,000 and 30,000, so it's still okay. Can't say we're happy, but

After the German government started selling BTC, more bad news came. Mt. Gox officially started compensating its victims. The previous Mt. Gox bankruptcy incident has been introduced many times before, and the victims have approximately 100,000 BTC waiting to be compensated to the debtors, the creditors. For many years, these BTC have not been actually compensated, but on the evening of July 5th, Mt. Gox began transferring BTC to the creditors one after another, and the long-awaited compensation finally began. After receiving the BTC, some of the creditors will definitely choose to sell, causi