🚨🚨New Trends in Market Stability🚨🚨
The German government has been in the news lately for selling more than 10,850 bitcoins (about $637 million) to exchanges and market makers. Surprisingly, rather than triggering a market downturn, the move boosted sentiment. Analysts point out that whales, including large investors and traders, took advantage of the opportunity to buy discounted assets. In contrast, retail investors may be the hardest hit by today's events, often panic selling due to concerns about further price declines.
Since launching the token sale on June 19, the German government has sold a total of 36,748.4 bitcoins, worth a total of about $2.156 billion. Currently, it only has 13,110 bitcoins, worth about $757 million. On-chain data analysts, such as those at Ember, closely monitor such transactions. They observed that some of the unsold bitcoins may be returned from exchanges to their original addresses, which means that the actual sales figures may be slightly lower.
This large-scale sell-off by government entities highlights the dynamic relationship between institutional and retail investors in the cryptocurrency market. Although small investors initially reacted out of fear, the market's ability to digest such a large-scale sell-off shows that the investor base is gradually maturing.
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