The German government's massive sell-off:

I can tell you responsibly that the German government's Bitcoin sales plan will not stop because of anyone's shouting and intervention.

This plan was finalized after long discussions and careful deliberation by officials from various ministries. Once it is implemented, this plan will be implemented unswervingly to the end.

It is hard to imagine that a country with 1% of the world's population has 8.4% of the number of Bitcoin nodes. The government department publicly sells Bitcoin in exchange for fiscal budgets, which means that Bitcoin has officially become one of Germany's national reserves, thereby helping Germany cope with the economic crisis.

Since the German government started selling coins on June 19, they have transferred a total of 26,071 BTC ($1527.9M), and there are currently 23,788 coins ($1.32B) in the address.

Perhaps this matter is good for Bitcoin in the long run, but it is not very friendly to the price of Bitcoin.

If you don't know how much selling pressure there is, you can refer to the last Grayscale sell-off, which will undoubtedly bring huge pressure to Bitcoin!

As mentioned earlier, this plan will be implemented unswervingly. If the German government continues to smash the market, there may be several more smashes like last night, but these two rebounds were very strong, indicating that the market's ability to take over is very strong

There is a rainbow after the storm. Remember when Grayscale was almost smashed in January, BTC fell to 38,000, and then it took less than two months for BTC to pull up to 73,000

So, this is a big opportunity, seize the opportunity to enter the market. The bottom is not far away