In these days when the #Bitcoin market is stagnant, our eyes are on the #Binance screen, $BTC , $ETH and $BNB prices. We are waiting for this stagnation to pass 😊
While I thought Bitcoin would exceed 70k, it fell to 54k levels. What were the reasons for this? In fact, there is no reason to fall so much, but people we call whales use some news to create an atmosphere of fear and fuel sales to collect #BTC cheaper.

The news used this time was the repayments of MT Gox and the news that the German government would sell, which started immediately afterward. MT Gox is an old story anyway. I researched the German government's sales and would like to share it with you.
Earlier this year, the German Federal Criminal Police Office (BKA) seized 49,857 BTC from the operators of Movie2k.to, a privacy site shut down in 2013. Since mid-June, the government has sold more than 10,000 of these BTC, which has put downward pressure on Bitcoin's price.
To mitigate the negative effects of this situation, Tron founder Justin Sun offered the German government to buy BTCs off-market.
In addition, some observers think that Germany's sales are a geopolitical mistake. The Blockware Intelligence newsletter noted that it is a strategic blunder for governments to sell a scarce asset like bitcoin because fiat currencies can be easily printed.

According to @Arkham 's data, Germany currently holds 39,826 BTC worth $2.2 billion, which could create potential selling pressure. This represents about 9 percent of Bitcoin's daily trading volume and could cause price turbulence.
Ki Young Ju, CEO of CryptoQuant, stated that the Bitcoin market is affected by psychological operations.
Analyst Alex Krüger suggested that the German government is in the final phase of BTC sales and that the market can absorb these sales.
Daan Crypto, on the other hand, thinks that the weight of government sales in the market will decrease over time.
These sales have affected the price of Bitcoin, and BTC is currently trading at $ 57,200, down from $ 65,000 when the sales started, which means a drop of about 11 percent.
According to a report I received this evening, after today's transactions, only 4925 BTC worth $ 285 million remained in wallets linked to German authorities. When assets began to be sold three weeks ago, the wallets held 50 thousand BTC worth $ 3 billion.

I have already mentioned that such news is used as a selling opportunity. In the medium and long term, the crypto market will continue its upward journey again.
In such stagnant times, the most reliable way to make money in this market is #SocialMining As a member of the platforms offered by @DAO Labs , you can prepare content and earn income.
I hope to write an article with better news next week...