According to BlockBeats, in response to reports that Tesla transferred $770 million worth of Bitcoin to multiple new addresses for the first time in two years, CryptoQuant CEO Ki Young Ju stated that even if Tesla decides to sell its Bitcoin holdings, the impact would be minimal. The effect would be only slightly more significant than the recent Bitcoin sale by the German government.
As of today, the German government has made a profit of $816 million from its Bitcoin holdings, while Tesla's profit stands at $515 million. This suggests that any potential Tesla sale would not significantly disrupt the market, as it represents a smaller share of overall Bitcoin liquidity compared to larger sell-offs like that of the German government.
