Analyst: Selling behavior of Ponzi scam PlusToken-related criminals is the reason why Bitcoin is bearish

Bitcoin trader Jacob Canfield said on Twitter today that the Ponzi scheme PlusToken could be the cause of bitcoin's bearish price. Canfield pointed out that technical analysis was unreliable when relevant criminals in one of the largest Ponzi schemes in history continued to dump BTC on the open market. According to a report released by CipherTrace, PlusToken stole about $ 2.9 billion in digital assets from investors.