🔴🔴 Major Cause of Today's Market Decline

I recently came across some news that the German government sold over 10,000 bitcoins this month, leading to a market decline. This sell-off, combined with negative news about Mentougou's repayment, has raised some eyebrows. Many big investors hold over 10,000 bitcoins, and American ETFs possess tens of thousands, even millions. So, why the concern over just 10,000 being sold?

🔍 **Sun's Offer**: There was talk about Sun offering to buy the remaining coins from Germany off-market to prevent them from flooding the market. However, others questioned why he doesn't do the same for Mentougou's coins. The difference lies in the complexity of the sale processes. The German government can sell all at once, whereas Mentougou's process involves various rules and methods, planning to sell 140,000 coins over ten years. With global ETFs in place, buying that many coins over a decade shouldn't be an issue.

📉 **Current Market Conditions**: Today's market crash might be setting the stage for the upcoming Ethereum spot ETF launch. The sale of German coins is clearing the market, potentially paving the way for a rebound. Stay calm during this washout. Once the Ethereum ETF launches, we might see a strong recovery, with Ethereum possibly reaching $4,000 again soon.

Hold steady and wait it out!

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