💥$325 MILLION$ BITCOIN gets SOLD by the GERMAN GOVERNMENT 💥

Bitcoin recently experienced a 3.5% drop as the German government offloaded $325 million worth of BTC over a span of two days. This sale is part of a larger plan to liquidate 50,000 BTC seized from the piracy site Movie2k.to in 2020. The German government's strategic selling approach has played a significant role in the recent market fluctuations, contributing to Bitcoin's nearly 9% decline over the past two weeks.

Despite efforts to push Bitcoin's price above $66,000, the market has seen substantial liquidations of long positions, with around $150 million liquidated in the past 24 hours alone. However, the German government's decision to sell their Bitcoin in a DCA (dollar-cost averaging) style rather than a large one-shot market sale appears to be a wise move, preventing even more severe market disruptions.

Thank God that my fellow German government doesn’t make a big one-shot market sale; they seem wiser and are selling it DCA style.

I wish they were more bullish and would hold it until it reaches at least $150k$. I guess if they did this, they would advertise Bitcoin too hard. Haha!

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