Market turmoil!

The reason behind the decline of Bitcoin is so surprising!

Recently, the German Federal Criminal Police (BKA) has been making big moves and directly transferred more than 6,500 Bitcoins, worth more than 400 million US dollars.

This made the market sweat. Once a large-scale sell-off occurs, it will undoubtedly have a significant impact on the market, and it is difficult for multiple forces to undertake such a large-scale sell-off in a short period of time.

It has been observed that a long-dormant cold wallet suddenly transferred the coins in it to an exchange, which is very likely a sell signal. Germany has been selling Bitcoin in its wallet in recent days. According to Ki Young Ju, CEO of CryptoQuant, Germany has seized more than 50,000 Bitcoins in the past few years. Although it has recently sold about 3,000 Bitcoins, it still has a lot of unrealized profits.

The sale of Bitcoin transferred by Germany this time will undoubtedly cause a major market shock, and emotions will be the first to be affected. Large-scale sell-offs directly cause market panic and drive follow-up sell-offs. At the same time, it will also lead to a sudden increase in market supply. If there are not enough buyers to digest these sell orders, prices will inevitably fall. The plunge caused by the massive sell-off will also affect the contract order.

Once the contract order is forced to close or the stop loss is triggered, the triggering of the automatic sell order will further aggravate the price drop. These factors work together to make the Bitcoin market experience violent turbulence in a short period of time. This makes people wonder, what will be the future of Bitcoin? Let's pay close attention to this development! #Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛 #MegadropLista #CryptoTradingGuide