#BTC走勢分析

The legend of the German government and Bitcoin continues: Sun wants to buy everything!

Sun is back with an ambitious new idea. This time, the founder of Tron has set his sights on the BTC treasure in the hands of the German government, and boldly proposed to take over all of it privately, saying that he wanted to "try not to cause chaos in the market."

It all started on June 19th, when the German government found something wrong with a wallet with 6,500 bitcoins in it, worth more than $400 million, which scared traders into thinking that the market would shake again.

It is said that this wallet is related to the money that the BKA (German Federal Criminal Police Office) confiscated from the pirated movie website Movie2k in 2013. These bitcoins slowly flowed to the exchange, and the market was already shaky, and this made it even more chaotic.

Some people said that Sun, the founder of Tron, is going to be the savior? Arkham Intelligence marked this wallet as "German Government (BKA)", and traders were watching it one by one, fearing that something might happen.

As a result, on Thursday, the German government really threw 1,300 bitcoins, worth nearly $75 million, into three exchanges: Kraken, Coinbase, and Bitstamp, and the price of bitcoin dropped to $56,770. In the past half month, the government has sold nearly 10,000 bitcoins, and still has more than 40,000 in its hands.

Although the BKA spokesperson said that they did not take these confiscated bitcoins, Sun's drama of "I am willing to talk to the German government and buy them all privately, so as not to disturb the market" is still quite attractive.

Experts also said that if the German government really wants to sell these bitcoins, it is better to auction or trade them privately, and not throw them into the exchange so bluntly. As soon as it was thrown in, the market exploded. Even though only more than 70 million US dollars were actually sold, the movement was as if 400 million or 500 million US dollars were sold. A lot of people were busy closing their positions, and the market was in chaos.

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