Just now, the German government hastily dumped 1,300 bitcoins in three batches, throwing them all to trading platforms such as Coinbase, Kraken, and Bitstamp, saying that they wanted to cash out. As a result, the total value was actually 75 million US dollars! This operation is simply a mudslide in the market, and it is simply a model of "determined to smash the market"!

Look at this scene, it's like a family in urgent need of money, regardless of the price, and they are in a hurry to sell it out. The Bitcoin market is already precarious, and Germany's move is simply adding fuel to the market sentiment, making people say "this operation is too rubbish"!

What's more amazing is that this is not a one-time thing, but three times, and each time it seems to be afraid that the market can't react, so it has to hit several heavy punches in a row. This is not selling coins at all, it's simply a "fancy smashing performance", which makes people shake their heads and sigh.

As for why they are selling coins in this market, it is probably because the German government is short of money and urgently needs cash turnover. But then again, this kind of selling behavior that disregards the market's feelings is really "willful" enough, and it is simply treating investors' emotions as a joke.

The German government's operation is simply a "big gift" to the Bitcoin market, but this gift may not be so friendly to investors. It's really funny, angry and helpless!

There is no way, who calls me a leek