The recent news in the cryptocurrency circle can be described as "earth-shattering" - more than 13,000 bitcoins have been transferred out of the US and German government addresses in total!
The German government address has transferred out a total of 9,332.3 BTC ($572.13M) since 6/19, with an average transfer price of $61,306;
The US government address has transferred out 3,940.2 BTC ($241.22M) since 6/26, with an average transfer price of $61,219;
The Mentougou address transferred out 1,544.6 BTC ($84.87M) on July 5, with an average transfer price of $54,944.
This "big government move" has attracted widespread attention and countless speculations from the market. What exactly made the two major governments suddenly "generously" move so many Bitcoins? Let's find out.
The government’s “magic operation”
First of all, the US and German governments' actions are undoubtedly showing the market that they are "keeping up with the times". It's really a small knife pulling the buttocks, which opened our eyes. We can't help but ask: "Is the government also doing short-term trading? Are their traders better than most traders? I seem to see government officials in suits staring at the candlestick chart in their offices.
As soon as this news came out, we in the cryptocurrency circle were like ants on a hot pot. Some chose to buy at the bottom, while others took advantage of the situation to short. For a time, there were all kinds of speculations and conspiracy theories: "Does the government know something we don't know?" "Is it going to introduce new policies to suppress Bitcoin?" "Is the government preparing for a new economic battle?"
What's even more interesting is that my friend even joked that this is a "coin speculation relay race" by the government. After all, 13,000 bitcoins is not a small amount. According to the current market price, this is an astronomical fortune worth $390 million. Let me make a bold guess, are these bitcoins going to be used to support a secret plan, or a "big project" that is about to debut, or is the government struggling to make ends meet and relying on selling bitcoins to maintain its economy?
The market naturally reacted. Bitcoin prices experienced a brief and violent fluctuation after the news came out, and investors held their wallets tightly and watched nervously. Someone joked: "It's like riding a roller coaster, but this roller coaster is controlled by the government."
This wave of government transfers has also made us reflect deeply on the current cryptocurrency market. Is it the lack of government morality or the ugliness of human nature? Perhaps, as a senior investor said: "In the cryptocurrency world, the only constant is change itself.
The bull market is still going on. If you are not sure how to position yourself, you can find me by pinning me to the top. I will share my experience and strategy with like-minded people! Let's ambush the value currency together.