🇩🇪The German government’s Bitcoin holdings have dropped sharply to 10,000. Can the market’s digestion capacity be tested? 🚀

🌐As of yesterday’s market dynamics, the German government has significantly reduced the amount of Bitcoin it holds. Currently, there are only about 10,000 Bitcoins left in the hands of the German government, with a valuation of about US$580 million.

Since the beginning of July, the German government’s Bitcoin holdings have dropped rapidly from more than 40,000 to 1,000 Bitcoins in just 12 days, which means that during this period, the German government has sold off nearly 30,000 Bitcoins.

👀But don’t worry, the market has adapted to this selling behavior. Analysts generally believe that even if the German government chooses to sell its remaining Bitcoins, the market is fully capable of absorbing the circulation of these Bitcoins without having a drastic impact on prices.

At the same time, there are also market views that the previous selling behavior of the German government is regarded as a major factor in the decline of Bitcoin prices. But as this behavior comes to an end, the market has become more optimistic about Bitcoin’s mid- to long-term prospects.

🚀Industry experts believe that with the elimination of one of the biggest uncertainties in the market, the Bitcoin market may enter a more stable and positive growth phase.

The German government's Bitcoin sell-off is coming to an end, and the market expects this to bring a clearer future for Bitcoin, indicating that the Bitcoin market may soon usher in new development opportunities.

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