- After nearly 2 weeks with nearly 3 billion dollars worth of $BTC pushed onto the floor by Phu Duc, everyone believes that this is the amount being pushed up for sale, negative for the market. But...
...The strange thing is that they have many other options if they really want to sell, from Justin Sun offering to buy back, to the fact that ETF funds in the US have maintained net buying for the past 6 consecutive days.
- Not to mention that this is the German government, there is no shortage of possibilities for them to approach individuals or organizations that want to buy back via OTC, both helping them build their sales and avoid price slippage.
-> So the fact that they pushed it to the floor is 100% certain that it is NOT FOR SALE. Because if they want, they have many sources that can OTC, both building more sales and reducing the possibility of price slippage when selling such large quantities.
Further strengthening is the time from the 6th until now, the time when the amount transferred to the exchange more than $2.2 billion $BTC, surprisingly, the exchanges it transferred to were from #Coinbase, #Kraken,#Bitstampand # Bifinex all have one thing in common, that is...
- CVD is flat, even increasing. But it hasn't decreased or shown any signs of selling at all.
- So we were deceived, because the parties provided inaccurate information at all. And remember, pushing to the floor does not necessarily mean selling
"So in short, what is the German Government pushing Bitcoin to the exchange for?"
- Of course it's not for sale, everyone will know soon what it is hahaha
