๐จ๐ก Shocking Insights on German Government's BTC Sales! ๐ก๐จ
The German Government sold 21,000 BTC.
I analyzed all their transactions, and the findings shocked me. I could have made $100,000 every time they... ๐งต๐
How did the German Government get $BTC ?
They didn't buy it. According to court decisions, this BTC was confiscated from people engaged in criminal activity. Germany got about 50,000 BTC worth. But the government isn't a typical degen; they need to transform the confiscated assets into national currency, EUR.
Here's the lowdown:
- ๐ฆ Confiscation: The German government acquired BTC through legal seizures.
- ๐ฐ Amount: Around 50,000 BTC confiscated.
- ๐ฑ Transformation: They convert BTC to EUR through Kraken, Coinbase, and Bitstamp exchanges.
Government Selling Mechanism:
- ๐ Planned Sales: Government plans are agreed upon in advance and rarely change.
- ๐ Traceable Transactions: Known BTC wallets allow tracing of transactions.
- ๐ Market Impact: Daily sales cause BTC price dips, prompting holders to sell.
- ๐ฅถ Cold Wallet Returns: Unsold BTC is returned to cold wallets daily.
Key Observations:
- ๐ Controlled Selling: The government doesn't dump all BTC at once; there's a selling mechanism in place.
- ๐ Price Threshold: They likely have a formula to stop selling if BTC price drops below a certain percentage.
Strategic Opportunities:
- ๐ Short BTC: Open a short position when BTC moves from their wallet to the exchange.
- ๐ Close Shorts: Close shorts at critical values where they stop selling.
- ๐ Open Longs: Open long positions for market stabilization reactions.
- ๐ Profit Big: Buy your dream lambo!
Stay ahead of the curve by understanding these mechanisms! ๐๐ธ
