Bitcoin is experiencing a bearish trend đ» due to several significant factors:
1. US Government Sales: The US government is offloading Bitcoin, adding selling pressure to the market. đ»
2. Miner Liquidations: Bitcoin miners are selling their holdings, likely to cover operational costs or capital expenses. đ»
3. German Government Liquidations: Similar to the US, the German government is also liquidating its Bitcoin assets. đ»
4. MT. Gox Repayments: The commencement of Bitcoin repayments from the MT. Gox exchange has introduced additional supply into the market. đ»
These factors combined are driving the price downward. đ»
