德国政府抛售

The German government has finally sold all the bitcoins they have, which is good news.

Bitcoin prices have fluctuated a lot recently, and the German government's selling behavior in particular has put a lot of pressure on the market, causing market sentiment to become pessimistic. Let's review why the German government is selling bitcoins, what impact this has on the market, and when there may be a rebound.

First of all, the bitcoins in the hands of the German government were seized from the pirated film and television website Movie2k in January this year, with a value of up to $2.2 billion. The German government may have sold bitcoins to repay victims or other unknown reasons.

The 50,000 bitcoins managed by the German government have been sold successively since June 19, and these sales have directly affected the decline in bitcoin prices and triggered a strong reaction from the market. The German government's public selling on the exchange has increased short-term selling pressure, had a negative impact on market sentiment, and also provided opportunities for shorts.

Although the number of sales this time seems large, it is not much compared with the overall market trading volume, and the market has the ability to absorb these selling pressures. In addition, there has been a net inflow of bitcoin ETFs in recent days, indicating that investors are entering the market to take over.

Now the German government has completely sold out Bitcoin, and the market is relatively stable. Although there are still issues such as Bitcoin compensation and Genesis bankruptcy liquidation, it may take some time to bottom out, but this is also a critical moment to seize the opportunity of rebound. In short, the market should be prepared for a possible rebound when the bad news is gone.

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The German government's address currently has about 9,000 BTC, which are almost sold out. Assuming that 2,000 are sold a day, they will be sold out around the 17th. If 1,000 are sold a day, they will be sold out on the 20th. We can see that BTC has been fluctuating at this position. Then according to this selling speed, it will choose a direction around the 20th. Therefore, the position of 55,200 for Bitcoin will be an important basis for judgment. If it stabilizes, there will be a wave of market, waiting for the opportunity to buy at the bottom #德国政府抛售 #Btcoin $BTC

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Just 1 minute ago, the German government transferred 1,500 bitcoins (worth $88.17 million) to the B2C2 Group market maker

🚨 Is Germany's sell-off + Mt.Gox repayment plan the ultimate killer of the Bitcoin bull market?

Hey, fellow cryptocurrency community members! 👋 According to the latest news, the German government has sold a total of $354 million worth of Bitcoin, and it seems that they still have half of the Bitcoin ready to sell. Does this mean that the Bitcoin bull market is coming to an end? 🤔

Don't worry, let's review the market in the past few weeks. The German government's operation did put pressure on the market, and the price of Bitcoin fell from a high of more than $60,000 to more than $50,000. But the market is not surprised by this, after all, these sold Bitcoins have been digested by the exchange.

However, the good news is that brokers of Bitcoin spot ETFs have bought $654 million worth of Bitcoin in the past three days. This strong buying directly pushed the price of Bitcoin back from $53,000 to more than $59,000, completely offsetting the impact of the German government's sell-off.

But don't forget that the sellers in the market also have a repayment plan for Mt.Gox's creditors. Some people believe that another 140,000 bitcoins may flow back to the market. Doesn't it sound more nervous? 😨

But I am not pessimistic about the behavior of Mt.Gox's creditors.

As early investors in Bitcoin, they have a deep understanding of this cryptocurrency and a firm belief in its long-term value. Looking back to 2010, when the future of Bitcoin was uncertain, they still chose to invest time and resources in Mt.Gox to buy Bitcoin, which reflects their deep trust in Bitcoin. Based on this, I believe that these investors are unlikely to cash out Bitcoin immediately after receiving compensation.

Moreover, the market has long anticipated the impact of the Mt.Gox incident and it has been reflected in the price. The continued strong inflow of funds from Bitcoin spot ETFs shows that the market demand for Bitcoin is still strong.

Therefore, I am still optimistic about the medium- and long-term performance of Bitcoin, and I believe it will show strong growth momentum in the second half of this year.

What do you think? Do you think Bitcoin can survive this wave of challenges? Feel free to speak in the comments section! 🗣️

#比特币 #德国政府抛售 #MtGox #市场分析 #比特币现货ETF

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In the market, BTC has rebounded in the short term. Even under the favorable data, BTC has never been able to effectively break through and stabilize at 60,000. Then it cannot change the downward trend at the daily level. Recently, it has been mentioned that the main reason why the market cannot form a reversal in a short time is that it will go back and forth. Only when the foundation is laid will it quickly break away from the bottom range when it really reverses. At present, the market will still be shrouded in a negative environment affected by several news. After the impact of the German government's selling of coins on sentiment has passed, there will be another Mt.Gox selling event. When will the US government release 210,000 BTC? After the Ethereum ETF is passed, will the 2 million Ethereum held by Grayscale repeat the BTCETF scenario? The bullish sentiment of the US stock market has peaked and started to weaken. Will it be linked to cryptocurrencies after a decline? #门头沟事件 #德国政府抛售 $BTC #BTC☀

FTX is also starting voting for compensation. The negative news comes one after another. Germany sells coins, and Mentougou pays compensation. The market is not able to rise at all. #FTX赔付 #门头沟事件 #德国政府抛售 $BTC $ETH