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<ul>
 <li>Germany is now down to its last 6,400 BTC signaling the end of its Bitcoin dumps.</li>
 <li>Analysts believe that once Germany stops selling, FUD dumps will end too.</li>
 <li>El Salvador continues to buy BTC as Germany continues to sell.</li>
</ul>
<p>The last round of dips in the crypto market is just around the corner. Due to the German government’s repeated and simultaneous selling of its <a href="https://bitcoin.org/en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> reserves, the latest crypto market dip is still yet to fully recover.&nbsp;</p>
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   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e9-1f1ea.png" alt="🇩🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> German Government sent 2,700 more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> worth $155 million to exchanges.<br><br>They are now left with less than 6,400 BTC. HODL! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270a.png" alt="✊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/DXiKWUmriI" rel="noopener noreferrer nofollow">pic.twitter.com/DXiKWUmriI</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1811686401907290332?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2024</a>
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<p>Presently, the German government has sold so much Bitcoin (BTC_ that they are now left with less than 6,400 BTC. As Germany is selling its Bitcoin, <a href="https://cryptonewsland.com/el-salvador-grows-bitcoin-vault-whilst-germany/" target="_blank" rel="noopener noreferrer nofollow">El Salvador has been buying</a>, thus pushing their BTC reserves to a far greater number than Germany’s holdings.&nbsp;</p>
<p>In total, Germany has sold 21,180 BTC over the past few days. It is a testament to the faith that the greater crypto community has in Bitcoin that the price of BTC hasn’t dipped below $50,000. In fact, many are buying the dip with figures such as <a href="https://cryptonewsland.com/crypto-market-dump-could-reverse-if-germany-accepts-justin-suns-offer/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun volunteering</a> to buy Germany’s remaining BTC reserves directly.&nbsp;</p>
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   <p lang="en" dir="ltr">Germany sold 21,180 BTC in a few days<br><br>I spent 100 hours analyzing their transactions<br><br>What I saw shocked me…<br><br>Here’s how government plans to trick you <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Cl2BTmcuCM" rel="noopener noreferrer nofollow">pic.twitter.com/Cl2BTmcuCM</a></p>— bee <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f41d.png" alt="🐝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@0xbeehive) <a href="https://twitter.com/0xbeehive/status/1811153034656784683?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<p>Amidst the noise, one analyst compiled his observations of Germany’s repeated Bitcoin (BTC) sell offs. He observes that Germany had held over $1 billion in Bitcoin reserves and has moved almost all of it through CEX’s like Kraken, Coinbase, and Bitstamp.</p>
<p>He adds that most of Germany’s BTC was obtained through confiscated funds and they never actually invested in the asset. In between the selloffs Germany did buy $111 million worth of Bitcoin when a German representative urged them to stop selling. Yet, here they are again back to selling their BTC reserves.</p>
<p>The analyst goes on to say that although the market’s reaction to the selloff wasn;t very impactful, the emotional responses from it were far worse. This emotional response is what led to a further dip.&nbsp;</p>
<p>However, as more recovered from the FUD, traders are buying and holding instead. What was expected was a rapid buyback and <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> soon shifted to this recovery phase. This is why the market has remained steady despite the German government’s continued Bitcoin selling.</p>
<p>He concludes by saying that this moment in the crypto cycle is a crucial moment and that seasoned traders recognize the patterns. The market cannot grow without checking out weak hands, he says, signaling that Germany’s last selloffs could really be the end of the last crypto dip this cycle.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/xrp-analyst-believes-rise-of-xrp-to-come-from-the-east-after-repeated-failure-of-the-west-leading-to-fall-of-us-hegemony/" rel="noopener noreferrer nofollow">XRP Analyst Believes Rise of XRP to Come From the East After Repeated Failure of the West Leading to Fall of US Hegemony</a></li>
 <li><a href="https://cryptonewsland.com/germanys-top-savings-bank-to-offer-bitcoin-to-clients/" rel="noopener noreferrer nofollow">Germany’s Top Savings Bank to Offer Bitcoin to Clients</a></li>
 <li><a href="https://cryptonewsland.com/another-massive-bitcoin-transfer-from-germanys-government-puts-crypto-traders-and-investors-on-edge/" rel="noopener noreferrer nofollow">Another Massive Bitcoin Transfer From Germany’s Government Puts Crypto Traders and Investors on Edge</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-advocate-joana-cotar-challenges-germanys-economic-strategy/" rel="noopener noreferrer nofollow">Bitcoin Advocate Joana Cotar Challenges Germany’s Economic Strategy</a></li>
 <li><a href="https://cryptonewsland.com/el-salvador-grows-bitcoin-vault-whilst-germany/" rel="noopener noreferrer nofollow">El Salvador Grows Bitcoin Vault Whilst Germany Continues Offloading Its BTC Reserves</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/last-of-germanys-bitcoin-sell-off/" rel="noopener noreferrer nofollow">Last of Germany’s Bitcoin Sell Off Could Usher the End of the BTC FUD Dumping, Bull Run Awakens</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Last of Germany’s Bitcoin Sell Off Could Usher the End of the BTC FUD Dumping, Bull Run Awakens

Crypto News Land

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