⚠️ DID GERMANY SINK THE PRICE OF BITCOIN? ⚠️

🔻Crypto Market Fall:

Between June 20 and 21, the total cryptocurrency market capitalization fell 3.9%, hitting a five-week low of $2.34 trillion. Bitcoin (BTC) was down 4.2%, Ether (ETH) fell 4%, and BNB (BNB) suffered a 4.2% correction, plunging the market into bearish sentiment. 📉

🔍Bitcoin sale in Germany:

A large Bitcoin sale by the German government is rumored to have contributed to this drop. According to Arkham, a wallet linked to the German government transferred 6,500 BTC (equivalent to $425 million) to exchanges on June 19. These funds, seized from pirated movie site Movie2k, apparently went to Kraken, Bitstamp, and Coinbase, suggesting a significant sale. 🇩🇪

💰 Purchase of BTC by MicroStrategy:

In contrast, MicroStrategy announced on June 20 the purchase of 11,931 BTC for $786 million, countering German selling pressure. This buying should have offset the $292 million net outflow from US Bitcoin ETFs over those two days. 🏦

📊 Macroeconomic Concerns:

The real problem could be in the traditional financial sector. Negative macroeconomic data has shaken investor confidence, with the US stock market approaching a "triple expiration" event where $5.5 trillion in derivatives expire. This, along with weak economic indicators from the US, France, Germany and the UK, has spooked traders. 🌍📉

📉 While the Bitcoin sell-off in Germany could have played a role, the market turmoil appears to be driven by global economic concerns. As traders navigate these turbulent waters, the focus remains on macroeconomic indicators and traditional market influences. 🌐

#Bitcoin❗ #Megadrop #BinanceTournament #MicroStrategyMoves #Alemania $BTC