Bitcoin bottom signal? German gov’t runs out of BTC to sell
Bitcoin’s
price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC
The German government’s Bitcoin wallet has decreased to just 3,856 BTC, only three weeks after it began selling.
As a result, the additional $222 million in selling pressure has pushed BTC’s price below $60,000 over the past week. However, signs of a potential bottom are beginning to emerge.
In its latest transactions on July 12, the wallet transferred 800 BTC to the Kraken exchange, 500 BTC to wallet “bc1q,” and another 1,000 BTC to wallet “139p.
Bitcoin’s
price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC
The German government’s Bitcoin wallet has decreased to just 3,856 BTC, only three weeks after it began selling.
As a result, the additional $222 million in selling pressure has pushed BTC’s price below $60,000 over the past week. However, signs of a potential bottom are beginning to emerge.
In its latest transactions on July 12, the wallet transferred 800 BTC to the Kraken exchange, 500 BTC to wallet “bc1q,” and another 1,000 BTC to wallet “139p.
3 months ago
