🇩🇪 German Government's Bitcoin Blunder 🤦

After selling all their $BTC , someone sent them a sarcastic gift of $1.87 in Bitcoin with the message "HFSP German government" 🤣

HFSP, a popular crypto acronym, stands for "Have Fun Staying Poor" 💸

Looks like the crypto community is having a laugh at Germany's expense! #Bitcoin #GermanGovernment #HFSP #BinanceTournament #Megadrop

Current $BTC price: $63,508.01 +3.75%

German Government Sells Entire Bitcoin Holding!

From 50,000 BTC to zero in just 3 weeks!

But, Bitcoin absorbs the impact and continues its recovery, now at $58,700.

Technical analysis suggests a potential break through the downward trend line, with resistances at $58,500, $60,000, and $61,400.

Will Bitcoin continue its journey back to the top of the range? #Bitcoin #VanEck_SOL_ETFS #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #GermanGovernment

#Write2earn
Justin Sun Offers to Buy German Government's Bitcoin to Prevent Market Impact
#JustinSun #BitcoinCrash #Bitcoin #GermanGovernment $BTC

Sun's Proposal:
Tron founder Justin Sun proposed purchasing the German government’s Bitcoin (BTC) holdings, valued at $2.3 billion, off-market to prevent potential price disruption.
Announced on Twitter, Sun stated he is ready to negotiate with the German government to minimize market impact.

Background of German Government’s BTC Holdings:
The German government's Bitcoin wallet gained attention on June 19 when it transferred 6,500 BTC, worth over $425 million.
The Bitcoin, seized by the German Federal Criminal Police Office (BKA) from the pirate movie website Movie2k, has been actively transferred since mid-June.

Responsibility for BTC Sale:
The sale of the seized Bitcoin is managed by the relevant public prosecutor’s office or court, not the BKA, which only preserves the assets during investigations.

Recent Transactions:
On July 4, the wallet transferred $172 million worth of Bitcoin to various wallets, including Coinbase, Kraken, and Bitstamp, indicating a potential sale.
Earlier, on July 2, it moved $52 million worth of BTC to similar exchanges.

Implications:
The continuous selling of Bitcoin by the German government has concerned traders.
Sun’s offer to buy the Bitcoin off-market aims to stabilize prices and prevent market volatility from large-scale transactions.

The #bitcoin☀️ ETFs saved the day yesterday !

Look at how much #BlackRock⁩ bought 👀

They sucked up all the selling pressure from the #GermanGovernment