Bitcoin BTC is falling - how low will it fall?

German government accelerates Bitcoin reduction, market reaction is hotly debated

Against the backdrop of recent global cryptocurrency market turmoil, the German government has further reduced its Bitcoin assets. According to the latest report from Arkham Vision, an authoritative market analysis agency, the German government recently sold 54,700 Bitcoins, which marks the deepening of its continuous reduction strategy and has triggered widespread speculation about the government's intentions and market trends

The sell-off has re-emerged, and the government's actions have triggered a chain reaction in the market

The total value of the 547 Bitcoins sold this time is as high as 30 million US dollars, and the transaction was completed through the well-known market maker Flow Traders. The German government also dispersed these Bitcoins into different wallets, and eventually flowed to the three major mainstream exchanges Kraken, Bitstamp and Coinbase.