The next news to be discussed involves the selling of Bitcoin. Not only does Mt.Gox plan to sell a large number of Bitcoins, but the German government has also joined the ranks.

According to reports on June 25, a Bitcoin wallet associated with the German government sold 900 Bitcoins on the same day. Among them, 200 were sent to the Coinbase exchange, another 200 were sent to the Kraken exchange, and the remaining 500 Bitcoins were transferred to an unknown address.

At present, we cannot determine the true purpose of these Bitcoins being sent to different exchanges and unknown wallets. If these Bitcoins are indeed sold, then at the current market price, these 900 Bitcoins are worth about $55 million, which will create a certain selling pressure on the market. $BTC

At the same time, when the market sees this kind of news, it tends to panic, which may cause more investors to start selling Bitcoin. However, it is necessary to remind everyone here that when you see media reports about the sale of Bitcoin by a certain institution, a certain country, or a certain person, these events are often reflected in the market price. #比特币抛售 #币安合约锦标赛

Usually, when such news is released, the actual selling behavior is likely to have been completed. In fact, the release of such news sometimes indicates a signal of market bottom.

Therefore, when facing such news, investors should not simply adjust their investment strategies based on this, but should analyze market dynamics more rationally.