Is this good news?

The main selling pressure for this decline came from the buying entities at the beginning of the year.

During this drop, approximately $2.4 billion worth of Bitcoin with a holding period of 3-6 months was transferred. Analyst Cauê Oliveira pointed out that this represents selling pressure on some entities that bought at the beginning of the year, or that speculators targeting Bitcoin ETFs and halving expectations are being purged. On the other hand, entities older than a year have yet to adopt a more significant selling pattern, suggesting that true long-term holders are still holding onto Bitcoin.

#德国政府转移比特币