Good brothers, I know what you are worried about now?
The thousands of BTC transferred to Coinbase by the US government, are you afraid that it is a move before the sell-off?
Guess what I think?
I have seen too many risk theories over the years. How can there be high interest without risk? Everyone has different perspectives, don't criticize if you don't like it! Now many people are starting to get scared!
I think we should think about the details and the essence. Coinbase prime is actually aimed at institutional investors. This transfer to CB Prime is more like preparing to do OTC, and it can't be put on the exchange to hit retail investors!
What's more, Germany knows that cashing out is to transfer BTC to market makers to make cash, not to mention the Americans, who is willing to sell cheaper! Even if it is a planned cashing out, there is a planned target outflow average price requirement!
Therefore, I think the impact of this action by the United States on the market cannot be considered negative!
Specifically, the habitual deep adjustment before the bull market will not start from this event, it can't!
Besides, this amount of BTC is just the purchase volume of ETFs in one day!
Can it have a big impact on the market? Obviously not!
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