🔹 According to TA, the nearest $BTC support is around $52,000, with strong support at $44,000.
🔹 Mt. Gox has moved 47k BTC to another address.
🔹 German government is selling 50,000 BTC (10,000 BTC sold).
🔹 Bitcoin has recently been trading at a discount on CB following the Mt. Gox news and sell-off. The discount is recovering, suggesting that US investors are no longer selling in large numbers. The price gap between CB and Binance is narrowing, which is a positive sign.
🔹 $BTC spot premium has dropped by ~50%, indicating spot selling has led to price declines.
