German government's massive Bitcoin transfers cause market shock: $1.35 billion in Bitcoin was transferred

The German government's BTC transactions have stirred the cryptocurrency market with large transfers, reflecting Bitcoin's price behavior.

16,000 BTC huge transfers cause market volatility

The German government transferred nearly 16,000 Bitcoins, one of the largest Bitcoin transactions in a single day. Prior to this, the German government took a series of trust management measures to transfer large amounts of Bitcoin to platforms such as Kraken, Bitstamp and Coinbase.

Impact and analysis of BTC trends

According to data from crypto intelligence company Arkham, German authorities later acquired about 3,000 BTC mainly from Coinbase, Kraken and Bitstamp. These large transactions have triggered discussions in the industry about potential market manipulation and future trends.

Expert opinions on government BTC sales

Ki Young Ju, founder and CEO of CryptoQuant, commented on the psychological impact of these operations on the Bitcoin market. Meanwhile, Alex Krüger, a well-known cryptocurrency analyst, said this could be the final stage of the German liquidation operation, likening it to the Mt. Gox sell-off, when the market absorbed a large amount of money at once.

Another analyst, Daan Crypto, believes that the impact of these government sales on the market will gradually weaken. Despite the short-term disruption, the market is expected to return to normal as these large transactions decrease.

Conclusion

The German government's continued sale of Bitcoin has undoubtedly affected market dynamics, which is reflected in Bitcoin's price performance. Since the transfer began on June 19, the price of BTC has fallen from $65,000 to $56,586 - a drop of about 13%. However, the long-term impact remains uncertain, as experts predict different outcomes based on future government actions and market reactions.

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