I spent 100 hours analyzing their transactions
What I saw shocked me...
Here’s how government plans to trick you 🧵👇
Before thread start...
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ᗒ 2/9 ⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.
⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.
⚹ Does such an event have a significant impact?
https://x.com/ArkhamIntel/status/1811064906193486264
ᗒ 3/9 ⚹ This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.
⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.
⚹ The funds were confiscated in January 2024.
ᗒ 4/9 ⚹ So far, more than half of their $BTC, over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.
ᗒ 5/9 ⚹ This event should not be cited as an example of competent people.
⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies
⚹ This is market pressure that won't change the global picture
ᗒ 6/9 ⚹ Very often, the market's reaction to news is much more emotional than the news itself.
⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC's market cap is $1.14T.
⚹ Sooner or later, a rapid buyback would inevitably begin.
ᗒ 7/9 ⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.
⚹ This is a crucial moment in any cycle before global growth.
⚹ The market simply cannot start growing without shaking out weak hands from positions
ᗒ 8/9 ⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.
⚹ Before any global growth, there was a significant correction, knocking people out of the market.
⚹ The current market phase can be described as a Bear Trap.
ᗒ 9/9 ⚹ In the current realities, there are no more reasons for the market to dump, and we have already passed the most crucial moment.
⚹ The best option would be not to touch your assets until autumn and buy them back at current discounts.
⚹ Such patience will definitely bring you life-changing gains in 2024-2025.
ᗒ That's all for today...
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