BTC is in this high-amplitude oscillation situation again.

Germany is still dumping the market, which reminds me of Grayscale at the end of last year

On July 9, today's cryptocurrency panic and greed index is 27 (yesterday was 28), and market panic continues to spread.

As of the end of June, the German Federal Bureau of Investigation held 50,000 BTC. Since June 19, they have been selling in small amounts. Today, they stepped up their selling efforts, transferring 16,038 BTC to brokers and exchanges. Their balance is now down to 23,788 BTC. Entering the final stage of the German onslaught. They will eventually run out of coins

And Mt. Gox.

Let's do the math. Gox has a total of 141K to distribute, of which 95K will be distributed within 90 days (distributed to those who choose to distribute in advance in exchange for a 10% discount). Of that 95K: - 20K goes to credit funds - 10K goes to NZ exchange (stuck in its own bankruptcy proceedings) => won't hit the market - 65K goes to individual creditors Let's make some assumptions: - Assume 30% of the 85K is sold (= 25.5K BTC) - Assume Gox creditors sell that 30% all at once, not in chunks - Assume the volume/price relationship is linear (even if it isn't) - Assume Germany sells its entire remaining stack all at once Then we'll get: (23.7+25.5)/16*0.035 = 10.5% This would trigger an immediate sell-off of 10.5%. The market can absorb this.

#BTC下跌分析 #TON #BTC #ETH🔥🔥🔥🔥 #币安7周年

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