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#BTC# 13:4560H 22.0 KB/S 5G 94
Tanghua Bamboo follow
Just read the news, it says that the recent decline is mainly due to the German government selling over 10,000 bitcoins this month, constantly dumping and selling. Added to that, there's the unfavourable information of Mt. Gox paying back. I find it quite amusing, only 10,000 bitcoins? Many pros personally hold 10,000 bitcoins! Those ETFs in the US, each with tens of thousands, hundreds of thousands, even millions of bitcoins, are scared by this 10,000 dump?
Just now, Brother Sun said that he is willing to collect the remaining coins from the German guys off the market, so that they don't mess around in the market. Someone said, why don't you go collect Mt. Gox? I think it's easier to deal with the German government. If you want to sell, just package and sell. But Mt. Gox is too complicated, with all kinds of rules and promotion methods. It's impossible to package and sell them all to the off-market pros. Besides, Mt. Gox only has a total of 140,000 coins, right? Are you planning to drag it for another ten years? What's there to worry about? Now, ETFs from various countries are coming out. Won't 140,000 coins be sold out in ten years? There's really nothing to panic about.
I estimate that today's dump is to prepare for the upcoming launch of the Ethereum spot ETF. The final whipsaw, using the German government's coin selling to dump, everyone is being forced out of positions. With only a few days left, the Ethereum spot ETF will definitely trigger a surge. ETH is likely to go straight back to 4000. Hold on tight, no matter what the situation is, we won't waver! #BTC# #MAGA,#