🚨 German government's Bitcoin puzzle: Even if it sells, the market remains strong!

Recently, the German government transferred $500 million worth of Bitcoin to the exchange, which aroused widespread attention and speculation in the market. Although it is unclear whether these Bitcoins will be sold, the market generally believes that even if they are sold, this scale of selling pressure can be absorbed by the market.

Because since the listing of the Bitcoin spot ETF, tens of billions of dollars have poured into the market. In contrast, the $500 million that the German government may sell accounts for less than 10% of the entire market.

Therefore, investors do not need to worry too much about this, and the overall trend and fundamental factors of the market will continue to play a key role in the development of Bitcoin prices.

But the German government's strategy is really puzzling, because if they sold gradually through the OTC market (over-the-counter market), they could have obtained an average selling price of more than $65,000 or even higher. On the contrary, selling a large amount of Bitcoin through exchanges is likely to lower the average selling price to more than $50,000 or less, but this "dumping" behavior will directly affect the market price.

Let’s explore a hypothesis about the Bitcoin market: If large investors such as MicroStrategy or Bitcoin “whales” want to push up prices quickly, in theory they can buy a large amount of Bitcoin worth, for example, $100 million in the spot market, which may immediately affect the market and thus increase the price of Bitcoin. But in reality, investors and institutions prefer to accumulate assets at low cost and avoid increasing the cost of holding positions by purchasing at high prices. Therefore, usually if large investors want to influence market prices, they may choose to operate in the spot market. However, if they really want to stabilize costs and control prices, why not choose to buy slowly through the OTC market when prices are low to avoid unnecessary market shocks? This question is left for the public to think about! 📅Although we are curious about the motivation behind this strategy of the German government, we can only wait for time to reveal the real reason. #比特币迷局 #德国政府 #市场能见度 #加密货币洞察