BREAKING NEWS ‼️🚨🚨🚨
GERMAN GOVERNMENT'S BITCOIN SALES SPARK MARKET VOLATILITY!
😯😯😯😯😯😯😯😯😯😯😯
The German government has been selling Bitcoin intensively since June, but surprisingly, they have also been buying back some BTC. According to CryptoQuant CEO Ki Young Ju, the market can absorb the sales without significant impact, and smart money is replacing stupid money. He agrees with analyst Alex Krüger's assessment that the sales would cause a decline of at most 10% from current levels. The CEO believes that the market is driven by psychology and that the sales present a buying opportunity.
It seems that the German government's actions have caused some volatility in the market, but experts believe that the impact will be minimal. The article also mentions that Metaplanet has increased its Bitcoin holdings, which has led to a surge in its stock price.
Please note that this is not investment advice, and you should always do your own research and consider your own risk tolerance before investing in cryptocurrency.