Is the crash over?

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over 2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s $BTC liquidation, $TRX founder Justin Sun has offered to purchase the remaining bitcoin off-market from the German government to minimize any price impact on the cryptocurrency.

In response to the German government’s bitcoin sales, Tron founder Justin Sun announced on Thursday that he is prepared to purchase the remaining BTC off-market. “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market,” Sun wrote on X.

What are your thoughts on the German government’s bitcoin sales and Justin Sun’s offer to purchase the remaining BTC? Let us know in the comments section below.