Loveu2.eth

[Nature is Amazing ☘️ @AMAZlNGNATURE]

Touching the void on the most breathtaking ridge of the Dolomites😱

[Binance @binance]

Planning a hike here. Who's in?

[Loveu2.eth @Loveu2_eth]

What's up crypto-enthusiasts :)

$BTC #ETH #Binance #Bybit

[Elon Musk @elonmusk]

Grok fun mode news is awesome 😂

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 US House fails to overturn President Biden's veto on bill that would allow highly regulated financial firms to custody #Bitcoin and crypto.

They needed to 2/3's of the votes to overturn the veto.

[Binance @binance]

Introducing new assets on #Binance Loans.

Explore and choose from a range of assets.

Get started now ➡️ https://t.co/opmgUVu1nl

[Juanita Broaddrick @atensnut]

If Michael Jackson played tennis 🎾

https://t.co/C39A4gxVto

[Kylie Jenner @KylieJenner]

my khy vacation shop opens tomorrow 9am pst https://t.co/qV56u6Ru19

[The ₿itcoin Therapist @TheBTCTherapist]

Nothing stops this train. #btc 🇺🇸

[Binance @binance]

Ready for a magical experience with my #Binance cap on!

[Binance @binance]

Travelling with #Binance essentials!

[Binance @binance]

It's #BinanceBuild Friday!

This week, we’re showcasing enhancements to our trading bots:
���� Easier access to the arbitrage bot
🔸 Instant activation for futures grids
🔸 Portfolio margin users can now trade with futures grids

Try it out now 👉 https://t.co/K6KsZ8t1e2

[Binance @binance]

Zoom out. 🔭

[Conor McGregor @TheNotoriousMMA]

Yacht has gym 🛥️🌞

[Michael Saylor @saylor]

#Bitcoin is the ₿alance of Power.

[Bitcoin.com News @BitcoinNews]

Trump to Address #Bitcoin 2024 Conference in Nashville - #NewsBytes https://t.co/eiMMUof8iE

[Elon Musk @elonmusk]

Computers will control the future
…
…
…
They already do

[Ash Crypto @AshCrypto]

German Government #Bitcoin
address only holds over 13k. That is
76% less than its initial holding of
almost 50k.

Here are 5 THINGS you need to know...

1. Three weeks ago, the German
Government's Bitcoin address started
selling their $BTC.

Since then the price of BTC has tanked
from $65k to $53.5k, almost an 18%
decline.

Looks like they are not stopping.

2. The truth is it is not the German Government who is selling the bitcoin. It is a small state in the eastern part of the country called Saxony.

Earlier this year, Saxony's Criminal Police Office seized almost 50,000 BTC from https://t.co/9f5i0pZzP3. The piracy website is found guilty of money laundering and other illegal activities.

3. Why sell the Bitcoin that was seized?

According to the CEO of the German-based Blockchain Research Lab "seized assets are always liquidated within a certain period."

He added that it is a routine business process.

4. Why does the wallet belong to Germany and not Saxony?

The police agency was involved in the initial investigation.

But it was the state who instructed the transfer and selling.

5. In most cases, seized assets can only be transferred or sold. But that isn't the case here.

The state can request or initiate an emergency sale if the asset is difficult to store or easily lose value.

And Bitcoin is highly volatile.

In summary, we can see why the German Government-labelled wallet is selling its BTC.

We can expect that all their holdings will be emptied soon unless no one else buying.

So the bleeding will not stop yet unless all their BTC get bought. Expect the price of Bitcoin to be trapped below $60k for a while.

[Bitcoin Archive @BitcoinArchive]

JUST IN: 🇺🇸 The City of Santa Monica voted unanimously to open an official #Bitcoin office.