Not long ago, the German government staged a jaw-dropping Bitcoin selling drama. In a short period of time, it sold 1,300 Bitcoins in three batches to mainstream trading platforms such as Coinbase, Kraken and Bitstamp, with a total value of up to 75 million US dollars. This move was like throwing three boulders into the calm market lake, stirring up layers of huge waves!
This selling action was not only astonishingly fast, but also revealed an "impatient" sense of urgency to cash out, as if there was an emergency at home and money was urgently needed. Even the subtle fluctuations in the market were not taken care of, and they just wanted to quickly sell and cash out. The Bitcoin market is already in a sensitive period. This "willful" move by the German government has undoubtedly added fuel to the already fragile market sentiment, making people sigh: "This operation is simply a 'mudslide' in the market crash!"
What's even more ridiculous is that the selling was not completed at one time, but was carried out in three times, each time like a sudden "stress test" of the market, and each time accurately hit the sensitive nerves of the market. This is not a simple disposal of assets, but a carefully planned "art of market smashing". People are shocked and worried about the market's tolerance.
As for the reasons behind this, there are many speculations, but the most direct one is that the German government may face financial constraints and urgently needs to quickly recover funds by selling Bitcoin. However, such an operation method is undoubtedly a disregard for market rules and investor sentiment, which makes people question the prudence of its decision-making.
In short, the German government's Bitcoin selling action has undoubtedly brought an unexpected "storm" to the Bitcoin market. Although there may be some unavoidable difficulties behind it, such an operation method is undoubtedly a heavy and helpless "gift" for the majority of investors. For more inside information and in-depth analysis, please click on my avatar to find out!
