Analysis: "PlusToken sell-off" is not the reason for the recent drop in bitcoin prices

Sid Shekhar, co-founder of cryptocurrency analyst TokenAnalyst, said the recent decline in bitcoin prices was not due to the sale of PlusToken. The company said it did not find evidence that PlusToken would transfer a large amount of Bitcoin to any known exchange address. Shekhar said: "It seems that none of these addresses are owned by the exchange. We will pay close attention to this and see if they will transfer the hundreds of millions of dollars to the exchange at some point."