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Btc go back to 59k now !!
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Positive funding rate doesnt matter
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$WIF WIF has still not claimed the 2.2 area, and now I have an intuition that it will revisit its accumulation zone.
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After weeks of continuous selling, the German government now holds only around 9094 Bitcoin in its wallet, valued at approximately $519 million. In the last 13 hours, no Bitcoin has been moved, but at the current pace, their BTC holdings could be exhausted in less than a few days. According to Arkham data, the German government moved a total of 5000 BTC in a series of six transactions to exchanges like Kraken, Coinbase, Bitstamp, Flow Traders, and two other wallets. The significant offloading had driven Bitcoin's price down to as low as $54,000. Interestingly, while the German government sent BTC to exchanges, their wallet also received 900 Bitcoin from Bitstamp nine hours ago, and Coinbase and Kraken sent 438 BTC and 250 BTC, respectively. The FUD (fear, uncertainty, and doubt) surrounding this massive offloading has significantly impacted the market. The current pace suggests that the government’s Bitcoin reserves might run out in just 2–3 days, leading to more volatility in the Bitcoin market.
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We have a new narrative developing, and that involves Justin Sun. He has opened a long BTC position, which is now running at an 80 million loss. Plus, you might have read his old tweet about negotiating with the Germans about BTC selling. Seriously, alts are down 80-90%, and BTC is down by 25%. We don't want any exchange crash events like FTX. I hope HTX users are safe.
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