Shocking reversal! ! ! Is there something fishy about the German government selling Bitcoin?
Shocking reversal! ! ! Today the German government exposed itself! Saying that it relied on OTC to ship goods, not the market crash! ! ! See the picture below for details!
German government: More than 90% of Bitcoin is sold through OTC transactions
The German government said that the sales process lasted about 3.5 weeks, and they sold nearly 50,000 Bitcoins in total, obtaining about 2.64 billion euros in funds.
According to the German government, it means:
We are selling coins this time to sell assets before the end of the lawsuit. The current daily value of Bitcoin and other unforeseen circumstances that affect the price have nothing to do with the decision whether and when to conduct an emergency sale.
However, official documents emphasize that during this sale, less than 1% of the transaction volume was initially completed through regular transactions, and more than 90% of Bitcoin was completed in a market-friendly OTC (OTC) manner, saying that this method will not have a direct impact on the price of Bitcoin.
What he means is that this Bitcoin wash has nothing to do with me! I won't take the blame!
The truth may be much more outrageous than you think
It may be that civil servants have never traded, and they don’t know that selling coins requires looking at the "liquidity" of the exchange, and it is more likely that they don’t know what market depth is!
Coin selection and layout are my strengths. Follow me to get more industry hot spots. Click on the head portrait and take a look at the information to avoid getting lost✌️
At the beginning, it may be that a large amount of money was directly transferred to the market, and I wanted to sell it all at once, but I found that there was no such a large buy order, and once the coins were transferred to the exchange, retail investors began to panic and dump the market. The movement of the wallet was monitored in real time, and according to German law: the price of BTC sold cannot exceed 10% error! !
Later, some institutions were found to conduct OTC transactions!
