One of the significant factors in this market decline is that the German government sold more than 10,000 Bitcoins this month, continuing to create selling pressure in the market. At the same time, Mentougou's debt repayment problem has also exacerbated market panic. I find this somewhat comical, though, because 10,000 Bitcoins is, for many large investors, just a portion of their personal holdings. Many ETF institutions in the United States hold tens of thousands, hundreds of thousands or even hundreds of thousands of Bitcoins. Will they really be shaken by the sell-off of these 10,000 Bitcoins?

Brother Sun just said that he is willing to acquire the remaining tens of thousands of Bitcoins from the German government off-site to reduce market pressure. Someone asked why they didn’t acquire Mentougou’s Bitcoin. I think the German government’s Bitcoin is easier to operate. If you are willing to sell it, you can package it in a one-time transaction. The situation in Mentougou is more complicated. Its repayment plan, rules and promotion methods make it impractical to package and sell to off-market investors. What's more, Mentougou only has a total of 140,000 Bitcoins, and they plan to gradually repay it over the next ten years. Is this really worth our concern?

With the successive launch of ETFs in various countries, it will not be difficult for these 140,000 Bitcoins to be fully digested within ten years. Therefore, there is really no need to panic. I guess that the German government’s selling behavior is probably to pave the way for the upcoming launch of the Ethereum spot ETF and is a market washout. I hope everyone can stabilize their position and not be affected by short-term market fluctuations. Once the Ethereum spot ETF is launched, it is likely to trigger a strong rise, and the price of ETH is likely to rise directly back to above $4,000. Therefore, please stay calm, strengthen your confidence, and wait for the market to explode. $BTC #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划 #德国政府转移比特币