On July 9, crypto analyst Alex Krüger analyzed and calculated the decline that Mentougou and the German government's sell-off of bitcoin could trigger on his social platform.
Based on the current market liquidity and the market decline caused by the previous large bitcoin transfers, Krüger based on pessimistic assumptions (assuming that Germany sells the remaining bitcoin at one time, and the 85,000 bitcoin held by Mentougou will be sold by 30%) concluded that Mentougou and the German government sell-off can trigger a rapid decline of 10.5% in bitcoin, but in general the market can fully absorb the above selling pressure.
Analysis: Based on pessimistic assumptions, Mentougou and German government selling could trigger a 10.5% sharp decline in Bitcoin
2024-07-09 01:24:02
Messaging crypto analyst alex kr ger social platforms to the doordesk3cryptocurrencydesktopCrypto News
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