Saxony Almost Out of Bitcoin After Major Sales!
Big news for the crypto world! Germany's Saxony is nearly finished selling off their confiscated Bitcoin according to recent blockchain data.
After transferring another batch to exchanges on Thursday, their holdings are down to less than 5,000 tokens!
Why the Sell-Off?
There could be a couple reasons Saxony is unloading their Bitcoin:
German Law: Their laws might require them to sell seized assets if their value is likely to drop.
Market Volatility: Bitcoin's ups and downs might have spooked them into taking profits and locking in a set amount of cash.
What's Next?
Get ready for some green candles (signifying price increases) because this sell-off could be over by next week! Hopefully, this means better days are ahead for Bitcoin.
