Today, the German government transferred out another 1,000 $BTC , and since June, a total of 11,032 BTC (US$670 million) have been transferred. Normally, the market should be panicked, which will cause a large-scale sell-off and decline, but at present, the trend is rising!

Where is the black swan? Every bull market news will stir up trouble! In fact, everyone overreacted to the government-related wallet sell-off. The US and German governments transferred about US$700 million BTC to the exchange. On the surface, this is just a sell-off by the exchange, not a large-scale sell-off by the government.

News about the government selling BTC was overwhelming in an instant, causing fear and anxiety, but overall, BTC has more than US$224 billion in funds inflow in the past 23 years, and only 4% is related to assets seized by the government. In addition, the market value of BTC seized by the government is only US$9 billion, which has little impact compared to the total market funds.

So the rise of BTC is not so easy to suppress. Ignoring the government's selling, there is only one compensation left in Mentougou, which will be in October. But even if the compensation is paid, will these people sell on a large scale? It is currently around 57, which is still a long way from the peak of 73. Even if it falls, it is only the panic in the market that drives retail investors to sell. Which of the big whales will sell? With the main force, it will still take a minute to rebound!

Just like the market did not fall sharply after the news of the sell-off came out, but continued to rebound, indicating that there are main forces supporting it. So don't panic too much, I believe that the big bull will come soon, hold it steady and take off🚀🚀

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