🔥Blockchain News Flash🔥: Spot On Chain analysis indicates that the German government holds about $2 billion in Bitcoin, which was seized from the operators of the movie piracy website Movie2k.to in 2013. They started selling these assets 20 days ago and have recovered about 7,106 Bitcoins (about $412 million), most of which were recovered from CEX at lower prices. 🔁

The German government chose to transfer directly to CEX, which triggered market panic and large fluctuations. However, the subsequent withdrawal of BTC from the exchange may indicate that they realized that spot sales were not a good idea and turned to over-the-counter sales. 🔄

However, the continuous flow of funds in and out of CEX indicates that either market panic was intentionally created or that the internal operations of the German government department handling the sell-off were chaotic. 🤔

Despite this, Spot On Chain believes that this should be a one-time event and will not affect the overall bullish trend of Bitcoin in 2024. Their AI model predicts that Bitcoin may still reach $100,000 by the end of this year, and the current market volatility is only temporary. 🚀🌕

So, Bitcoin lovers, don't worry, our Bitcoin still has a lot of room for growth! 💪💪💪