suppose many are not aware of the real reason for the last few consecutive days of #Bitcoinďťż drop. Do your research and you will find that the German government holds over $2.7 billion Bitcoin which was seized back in January. According to Arkham they sold about $300 million last week. What is very strange is that the German government did not sell OTC (over the counter) like Coinbase. Big liquidation like this would not affect much the price if sold OTC. But instead they sold on SPOT market like Binance. Hence that created the downward pressure on Bitcoin. This sudden drop also cause a bit of a panic to some BTC holders not aware of this fact. You also have Greyscale and Fidelity selling. But BlackRock is staying firm and holding on their stash of BTC. PLEASE, DONT LET THIS GET YOU FUDed out!! FUD is Fear, Uncertainty, and Doubt. The biggest wealth building opportunity is in Bitcoin
folks! Many have forgotten that only a few short months ago that 11 of the biggest asset managers including BlockRock, Greyscale, Fidelity and others have been approved for SPOT Bitcoin ETF. This is epic! These managers CAN'T sell ETF without the BTF in their portfolio! They are buying almost every week. Most are done OTC. But very soon there wont be anymore BTC to but from Coinbabse! They have no choice but to but retail via SPOT on crypto exchanges like Binance. This is a fact folks!! Just HODL and DCA. Again dont get FUDed out !!