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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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🚨 GERMAN GOV’T TRANSFERS ANOTHER $900M IN BITCOIN, ADDING SELLING PRESSURE 🚨 The German government has ramped up its Bitcoin sell-off, transferring another $900 million worth of BTC. This action has sparked concerns that continued selling pressure could further depress Bitcoin prices. According to onchain data from Arkham Intelligence, the wallet labeled “German Government (BKA)” moved a total of approximately 16,309 BTC in multiple transactions on July 8. This marks the largest single-day liquidation from the wallet. Notable recipients included crypto exchanges Bitstamp, Coinbase, and Kraken, as well as market makers Flow Traders and Cumberland DRW. 🔍 Key Transactions 3,500 BTC to Flow Traders 200 BTC to Kraken 400 BTC to Bitstamp 400 BTC to Coinbase Another 700 BTC, worth over $38.5 million, was sent to the wallet “139Po,” which has previously received funds from the German government. Will Germany crash the market? I think they are mad. And have no economic sense of long term bitcoin. Yes/No - drop your opinion in the comments! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more #germany #bitcoinselloff #bitcoincrash #bitcoinprice #markettrends $BTC $PEPE $FLOKI
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🚨 GERMAN GOV’T & NEXT $276M BTC SELL-OFF 🚨 📉 The German government has continued its Bitcoin sell-off, moving approximately 3,100 BTC worth around $178 million in just one hour on July 9. Simultaneously, the government withdrew roughly 1,700 BTC worth around $91.78 million from Bitstamp, recouping BTC holdings from the exchange. At the time of writing, the German government has also shifted a further 3,107 BTC out of its main holdings, likely preparing for a further imminent sell-off. The main government address currently holds around 26,000 BTC worth $1.5 billion, while the address used to off-load holdings currently holds 4,800 BTC worth $276.61 million. 💼 Related Market Activities The German government sold a further $900 million worth of BTC on July 8, suggesting plans to continue steadily selling off its remaining $1.5 billion in Bitcoin holdings. That same 16,309 BTC sold is now worth over $930 million despite the mass sell-off, suggesting that buyers are still confident about buying BTC in this price range. 📊 Market Sentiment Analysis Coinciding with the BTC sell-off, the reduction in BTC miner activity in operations and reserve sell-offs suggests that the market sentiment might be nearing its bottom. According to Bitfinex analysts, July 6 and 7 market data evidenced this local bottom despite Mt. Gox starting its BTC and Bitcoin Cash (BCH) repayments. 💹 BTC Ready to Rebound? Despite the BTC sell-offs related to the German government and Mt. Gox repayments to creditors, several indicators suggest BTC is ready to bounce back. BTC reached its lowest point since late February, touching $53,550 before reversing to current highs of $57,600. The relative strength index indicator showed a growing divergence between the fall in price and the rise in RSI value, suggesting weakening sell pressure. Apologies for my home nation. I would had sold the bitcoin to @Justin Sun孙宇晨 via otc. Follow Professor Mende for more! #germany #bulltobear #bitcoinprice #bitcoincrash #bitcoin $BTC $BNB
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🚀 IMPORTANT: TRON TO DEVELOP GASLESS STABLECOIN TRANSFERS BY Q4 !!!🚀 WHY THIS IS GREAT NEWS: 1. Implementing gas-less transfers will strongly accelerate Web3 mass adoption due to increased simplicity 2. Due to the network speed & already extremely low fees, TRON is the perfect network for small payments and transfers 3. This could be an amazing investment opportunity in the TRON network (not financial advice, DYOR) But first things first: 🔗 According to Tron founder Justin Sun, the mechanism would enable the cost of the transfer to be covered by the stablecoins themselves. On July 6, Sun announced in a post on X that his team is working on enabling gas-free peer-to-peer (P2P) stablecoin transfers. 💬 In his post, Sun noted that this would mean that stablecoin “transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.” Sun, however, did not elaborate on how the gasless mechanism would work. 🔄 Sun mentioned that the feature will be implemented on the Tron blockchain first, followed by support for Ethereum and all Ethereum Virtual Machine (EVM) compatible networks. He added that his team hopes to launch the feature in the fourth quarter of 2024. 📈 According to Sun, gasless stablecoin transfers could boost mass adoption of stablecoins. He wrote: “I believe that similar services will greatly facilitate large companies in deploying stablecoin services on the blockchain, elevating blockchain mass adoption to a new level.” What do you think about this innovation? Let me know in the comments! Like, share & follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE #tron #trc20 #cryptonews #memecoins #bullorbear @Justin Sun孙宇晨 $trx $btc $pepe
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🚨🇩🇪 GERMAN GOV'T URGED TO STOP CRASHING THE MARKET & SELLING BITCOIN 🇩🇪🚨 📉 Bundestag member Joana Cotar strongly criticized the German government’s recent decision to sell a substantial portion of its Bitcoin holdings. 💰 The German government recently moved over $195 million worth of Bitcoin to various crypto exchanges, including Coinbase, Kraken, and Bitstamp. This move has contributed to increased market volatility, with Bitcoin prices experiencing notable fluctuations. Critics argue that such large-scale liquidations by the government could have long-term negative impacts on the crypto market’s stability. 🔍 The sales stem from assets seized during a high-profile investigation into the illegal movie streaming site Movie2k.to, which resulted in the confiscation of approximately 50,000 BTC, now valued at over $3 billion. Critics argue that the government’s large-scale liquidations could have long-term negative impacts on Bitcoin’s value and stability. ⚠️ COUNTERPRODUCTIVE APPROACH ⚠️ 💬 In a series of tweets, Cotar condemned the government’s move, contrasting it with discussions in the US, where Bitcoin is being considered as a strategic reserve currency. She addressed her concerns to Saxony’s Minister, President Michael Kretschmer, Finance Minister Christian Lindner, and Chancellor Olaf Scholz, urging them to rethink the strategy. 📚 She emphasized the counterproductive nature of this approach and invited the officials to attend an upcoming lecture event titled “Bitcoin Strategies for Nation States” on Oct. 17. The event will feature Samson Mow, CEO of JAN3 and a prominent Bitcoin strategist. The discussion will focus on how political decision-makers can leverage Bitcoin to bolster their national economies. Mow is expected to provide insights into the potential benefits of holding Bitcoin as part of national financial strategies. What do you think about this bold move? Follow me for more. #btc #germany #bitcoincrash #bitcoinprice #bitcoin $BTC $SHIB
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📈 BTC BOUNCES BACK 9%. DID WE ALREADY HIT THE BOTTOM? 📈 🚀 Bitcoin price action takes a break from endless downside to revisit $58,500, but Bitcoin bulls struggle to hold higher ground. Bitcoin (BTC) circled $57,000 into the July 7 weekly close as markets sprang back from “tremendous downside deviation.” 📈 Data from TradingView showed BTC price action cementing a range roughly 8% above the week’s $53,500 lows. These lows had come after the July 5 daily close, representing the lowest levels for BTC/USD since late February. 🔄 Despite “out of hours” weekend trading, Bitcoin bulls managed to recover some lost ground, leaving the lows as an outlier at the time of writing. 📊 BTC/USD Chart Analysis 📊 📈 BTC/USD ultimately just missed out on a pivotal price point at its most recent daily close, which came in at $58,250 versus the desired $58,450 — an achievement that Rekt Capital argued “would fuel upside to ~$60,600.” The latest live data from monitoring resource CoinGlass showed $58,018 as the level attracting the most liquidity to the upside at the time of writing, with price eating into bid support below $57,000. 📉 Liquidation Heatmap and Market Movements 📉 🔄 BTC long liquidations from July 4 to 5 totaled more than $220 million, with the cross-crypto total at $750 million. Shorts then followed over the weekend, with popular trader Daan Crypto Trades noting some short positions closing out on the way to local highs of $58,500. 📊 RSI Fuels Optimism Among Traders 📊 💡 Others eyed encouraging signals among Bitcoin’s relative strength index (RSI) readings on daily timeframes, including a bullish divergence. “I initially targeted $52k, but it seems the bulls might have front-run me,” social media analyst Wolf told X followers on July 6. “There's a notable bullish divergence on the daily RSI, and the broadening wedge pattern adds further interest.” Like, share, comment & stay updated. #btc #bitcoin #marketanalysis #bullrun #bullorbear $BTC $ETH $BNB
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