📣Hey #CryptoTwitter! Saxony's #Bitcoin selling spree is running out of steam! 🚂💨 They've moved another 10,567 BTC ($600M) to exchanges like Bitstamp, Coinbase, Kraken, and others. Wallets linked to the authorities now hold only 4,925 BTC ($285M), down from 50,000 BTC ($3B) three weeks ago.

At this rate, they could be done selling by Friday or early next week. 📆💸 They've unloaded about 35,000 BTC this week alone! 😲

Now, this could change due to their odd habit of getting a chunk of the transferred assets back before the day ends. 🔄💰 But, the end of Saxony's $3B selling spree might ease the nerves of crypto investors who've been watching the on-chain movements of large potential sellers like hawks. 🦅👀

#Bitcoin's 15% correction this past month coincided with the U.S. government moving $240M worth of Silk Road-related BTC to Coinbase and Mt. Gox starting to repay 140,000 BTC to creditors. But fears of sell pressure might've been overblown, says NYDIG's Cipolaro. 📉🤔

What do you think, folks? Will the end of Saxony's selling spree bring some stability to the market? Or are there more twists and turns ahead? 🎢🤷‍♂️ Let's discuss in the comments! #DeFi #Web3