The German government has sold more than half of its entire $BTC stack. $900 million worth of $BTC was transferred to exchanges on Monday, but Bitcoin appears to have already absorbed the selling and is starting to rise on Tuesday. Technical indicators point to the possibility that a $BTC revival could be beginning.
German selling is being mopped up
The German government may have already sold more than half of its entire holdings of $BTC, but it still has more than 23,000 $BTC. Given that it seems hell-bent on getting rid of its stack at these low prices, it might be wondered as to the German government’s real intent in this selling spree.
That said, it looks like the selling will continue, and Bitcoin bulls will need to keep stepping up to the plate in order to buy what the German government is selling.
So far, this does appear to be happening. What is probably institutional buying is acting like a sponge and mopping up the large tranches of $BTC that are hitting the ex
We współpracy z: https://cryptodaily.co.uk/2024/07/the-bitcoin-btc-revival-is-on
