🐳 Is the German government deliberately suppressing prices and making moves to worry Crypto traders?
German CP continuously has moves to transfer BTC to the exchange and OTC wallets and then collect BTC from the exchange (at a lower price).
Parameters:
🔹Transferred to CEX exchanges: 9,983 BTC ~$591 million USD
🔸Transferred to MM or OTC wallet addresses: 19,521.7 BTC ~$1.14 billion USD
🔹Received in wallet: 7,106 BTC ~$412 million USD
🔸Still holds 27,461 BTC ~$1.55 billion USD
With a trading volume of tens of billions of dollars, a trickle of discharge from the German Government or creditors Mt. Gox could hardly cause BTC to drop 20% quickly in the past month.
There is also a coincidence that the German Government transferred a large amount of BTC to the exchange and Mt. Gox made debt repayments on the 4th of July holiday in the US => Low liquidity time, why?
=> Attack the fear of investors
News like this will tend to saturate as investors get used to it => Does not have a long-term impact on BTC, but in the short term, specifically in the past month, BTC has continuously decreased from 72k to 55k
We don't know how much the price can drop in the short term, so those who trade every day should manage their capital strictly and shred the amount of capital they have, avoid going all in in any form.
From now on, it's German food.
Photo Post: HC capital
