🔍 According to Arkham Intelligence, German Bitcoin wallet balances have hit zero, marking the end of selling pressure from this European economy. This could signal a local bottom for the cryptocurrency market.
💸 Final Bitcoin Sale: As of late Thursday, the German government had only 4,925 BTC ($282.45 million) left from the 50,000 BTC confiscated on June 19. Early Friday morning, the government transfer all 3846.05 BTC ($223.81 million) to institutional trading desks and Flow Traders.
📉 Is This the Bottom for Bitcoin?: With sell-offs from both Germany and the United States, coupled with minimal growth demand from investors, Bitcoin prices have fallen sharply. However, after the sell-off, analysts say the current Bitcoin price is a good entry point for new investors.
Expert Opinions
📊 Will Clemente, co-founder of Reflexivity Research, said that Germany's dumping of all confiscated BTC was "one of the biggest strategic mistakes in history".
📉 Michael Saylor, Executive Chairman of MicroStrategy, took a subtle dig at the German government when he tweeted “Du verkaufst deine Bitcoin nicht,” which translates to “You can’t sell your Bitcoin.”
Future Forecast
📈 Institutional investors have been accumulating BTC at the fastest pace since March, suggesting they are “buying the dip.” Short-term holders have been selling their coins at massive losses, a good sign that market fears have peaked and a correction is imminent.
#bitcoin #btc #binance #Write2Win
🌐🌐Source:🔥Crypto Analysis⚡️⚡️
https://t.me/cryptoanalysisvn/1/1785
