German Government's Bitcoin Liquidation: FUD and Market Impact

The German government's Bitcoin liquidation may cause market fluctuations, potentially pushing the price below 60k, inspiring fear and providing buying opportunities for institutions.

### Analysis of German Government's Bitcoin Sell-offs and Their Potential Impact on the Market
* 🇩🇪 The German government has resumed liquidating its seized Bitcoin assets, sparking concerns about **further price declines** and potentially **shaking out weak hands** in the market.
* 💰 A cryptocurrency wallet labeled German government bka transferred **400 Bitcoin worth about 25 million** to cryptocurrency exchanges Coinbase and Kraken, with **500 BTC worth over 30 million** moved to an unknown address (wallet labeled 139 PO).
* 🔒 Despite these sales, the wallet still holds **46,359 Bitcoin** valued at approximately **2.8 billion**, initially seized from movie piracy website movie2k.to in January 2020.
* 📉 The recent sell-offs have coincided with a bearish trend in the crypto market, with **heightened volatility** and **large liquidations topping 300 million on Monday**.
* 💸 The German government's current holdings continue to pose a **significant risk of additional market fluctuations**, and investors will be closely monitoring the government actions and the broader market's response to these **substantial Bitcoin liquidations**.
* 💡 "The idea that liquidations will negatively affect Bitcoin needs to consider the **massive price move from 40K to 73,500 within approximately 3 months**."
* 🏛 The government's playbook for acquiring Bitcoin may involve **seizing it from entities engaged in illegal activities** and **dumping it onto the market**, leveraging their ability to **enforce violence**.

congratulations if you withstood the Bitcoin fud up until now, you can finally breathe a sigh of relief and get ready for the next round of Bitcoin. [Music] fud. Welcome back, everyone. Let's dive into it. It just doesn't end, does it? And we get some good news, but then there's always some of this. There's always some of this F peppered in with it, right? It's always a little bit more fud. Anyways, will Germany's 900 Bitcoin dump tank Bitcoin below 60k? It's kind of funny, though, because we were at, we kind of bought them two days ago at 584, so I kind of feel like this is already a nothing Burger. Yeah, it's already a nothing Burger, but nonetheless, nonetheless, let's dive into this and see what, let's see what type of fud is being produced. So, the German government has resumed liquidating its seized Bitcoin assets, sparking concerns about further price declines. Oh, look at that, huh? And what this does is it inspires the weak hands.

to um, and I'm not saying that that is necessarily the goal behind this. I'm just saying that this is one of those kind of, I guess you call them, like second or third-order effects, right um, which is essentially, you know, people read this news, and if they don't have enough convic or um, possibly they uh, overextended themselves into Bitcoin, bought too much Bitcoin more than they can handle, uh, in terms of like, uh, their daily, weekly, monthly expenses. Well, this type of news is going to shake them out, uh, or it may Shake May partially shake them out, right, get them to sell at a a a discount to what they really wanted to sell, and and of course that that's going to obviously enrich or I shouldn't say enrich, but that's obviously going to get bought up by the institutions and or people with stronger hands or people with a longer time Horizon. Anyways, let's continue on a cryptocurrency wallet labeled German government bka transferred 400 Bitcoin worth about 25 million to cryptocurrency.

exchanges Coinbase and Kraken 500 BTC. Over 30 million worth was moved to an unknown address, a wallet labeled 139 PO. According to Arkham Intelligence, this isn't the first interaction between the German government and the 139 PO wallet. Previous transactions include 800 BTC sent on June 20th and 500 BTC on June 19th. Despite these sales, the wallet still holds 46,359 Bitcoin valued at approximately 2.8 billion. These Bitcoin assets were initially seized, and this is the key, guys, seized. And we're going to circle back to this at the end because I'm going to lay out what I believe is essentially the government playbook for Bitcoin. But anyways, we'll see. Anyways, so yeah. They seized this from a movie piracy website, movie2k.to, in January 2020, marking the largest Bitcoin seizure by German law enforcement. Last week, the government sold around 325 million worth of bitcoin, indicating a significant step in liquidating their holdings.

potential for further sales on the horizon. The government-labeled wallet holds over 2.8 billion worth of BTC and could introduce significant selling pressure that might push Bitcoin's price below the key 60k psychological mark. The recent sell-offs have coincided with a bearish trend in the crypto market. The timing of the sell-offs combined with other market pressures, such as large outflows from Bitcoin spot exchange-traded funds, has exacerbated the price declines. So I want you to think about this, guys. All of this BTC is being dumped on the market. We're sitting at 61k. Sorry, I just... I just don't buy this FUD. I just don't buy it. Like, obviously, I'm talking about it because I do want to address what I believe is actually going on, but I'm sorry, you know, they're trying to make us worry, but I'm just not worried. The crypto market has experienced heightened volatility with liquidations topping 300 million on Monday. While this number seems pretty large, right? 300 million, that's about

with again. If we go about using a current price of Bitcoin of 61k, it's like 4,900 something Bitcoin. Really again, like this is not that much. Like for whatever reason, it seems as though there are forces trying to pull this market down, and it would seem that that's probably going to end up causing like a slingshot effect. Just my opinion. Anyways, anyways, let's wrap this. We'll wrap this up, and then um, and then we can dive into the tinfoil hat and conspiracy theory takes. All right. Despite the recent dip, the German government's current holdings of 46359 Bitcoin worth 2.8 billion continue to pose a significant risk of additional market fluctuations. As the situation develops, investors will be closely monitoring the government actions and the broader market's response to these substantial Bitcoin liquidations. And what this does is it sets the precedent for, hey, don't listen to your gut, don't pay attention to your own stuff, just wait because the news is coming. We're going.

to we're going to kind of tell you what to do. Okay, so couple of things, couple of points here. The first point about these, uh, these sell-offs taking place, you know, alongside the ETFs, and you know, this being kind of a coincidence or coinciding with it, whatever. Anyways, the point is, is this, right? If you're paying attention, in January, we were sitting around 40K, okay? January of 2024, we were sitting around 40K USD. And then within three, and then within approximately 3 months, we went all the way up to 73,500 and change. Okay, so this idea that, you know, all of a sudden there's some kind of a problem that we need to pay attention to, liquidations that are somehow going to negatively affect Bitcoin, you need to zoom out and realize the massive move that we just made and that we are setting up for the bull market. That's the first thing, right? Um, the second thing, governments see, unlike their money printer, they can't, they can't just print new Bitcoin, right?

they can't print new Bitcoin and then dump it out onto the market. Indeed, there's going to be an argument made for derivative products, right, such as the ETFs and stuff like that. Sure, that kind of crap they can mess with, but at the end of the day, actual Bitcoin they cannot print. So as a result, once they dump that Bitcoin that they have, they can't redump it again, okay? And the only way that they could find a way to redump it would be to buy it back in the market. And of course, you'd say, Well, no, they're the government, they don't have to buy it back. And you'd be absolutely right. You know why? Because they can steal it. And that brings us to our third point. The government is essentially, if you pay attention, right, what are we seeing? The US government seized Bitcoin, sold it onto the open market. We've got the German government seized Bitcoin, dumped it out onto the open market. So you see this whole, you know, when I

listen to a lot of the influencers and their hopium and all this crap. You know about the governments, you know, coming to Bitcoin, and they're going to, you know, they're going to denominate everything in Bitcoin. They don't have to do any of that. All they have to keep doing is seeing it from people and dumping it onto the market. That's all they have to do, okay? And if you ask me, that's going to be the government playbook. And you know why? Because it's the easiest thing for them to do. You don't get to enforce violence. I don't get to enforce violence. Governments get to enforce violence, and as a result, they can continue to steal everybody's Bitcoin whenever they want. So, yeah, I think that's going to be the government playbook. I don't, you know, 10. Obviously, I'm not trying to freak everybody out and think like, yeah, you know, they're going to be going door to, you know, knocking on and trying to see if they could just take your

Bitcoin, like that's not in my eyes. That is just such a waste of energy. What they are going to do is look for these honey pot type of scenarios, right? Um, exchanges, services that are doing, uh, or participating in seemingly illegal activities, right, stuff like that. This is what they're going to do, uh, and that's how they're going to procure their Bitcoin. Why would the government do it any other way when they already have these mechanisms to just take things back? Anyways, guys, uh, look, all of this to say, there's going to be a lot of noise, there's going to be a lot of fud, especially going into, uh, we, we'll say beginning in like, let's say October, November, uh, you know, of this year. And again, I, I hate, I hate giving timelines, but it, why not, you know, what the hopium salesman give you timelines and you sit there and you're with that and you think it's amazing. So yeah, there you go. I, I think like, I, I think going into like October, November, December, you

know those three months uh we're going to start to see some we are going to start to see I believe some Bitcoin Fiat Exchange price momentum and I think that all of this fud right now is the is is just simply shaking out the weak hands taking advantage of an opportunity right of a cool down in the market to suppress the Bitcoin price even more so that they can whichever entities it is can accumulate more Bitcoin for themselves don't fall for this fud guys that's all I wanted to talk about today I'll catch you tomorrow

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Pleb UnderGround

The German government's decision to sell 900 seized Bitcoins has sparked concerns about a further price drop, potentially affecting investors with weaker resolve.

This move may lead to selling at a discount by those who overextended themselves, ultimately benefiting institutions and investors with stronger positions.

The government's transfer of 400 Bitcoins to a cryptocurrency wallet has also contributed to the ongoing uncertainty in the market.

The German Government's Bitcoin Holdings and Sell-Off

The German government has a wallet labeled 139 PO, holding over 2.

8 billion worth of BTC, seized from a movie piracy website in January 2020.

They have been conducting significant sell-offs of Bitcoin, with the potential to further impact the market.

These sell-offs, combined with other market pressures, have contributed to heightened volatility and price declines in the crypto market.

The Impact of German Government's Bitcoin Holdings

The German government's substantial Bitcoin holdings of 46,359 BTC worth $2.

8 billion are causing potential market fluctuations, which investors are closely monitoring.

The sell-offs coinciding with ETFs and the concern about Bitcoin liquidations need to be viewed in the context of its significant price increase from 40K to over 73.

Unlike traditional currency, governments cannot simply print more Bitcoin, adding to the unique challenges of these large-scale holdings.

The Inability of Governments to Print Bitcoin

Governments cannot create new Bitcoin or manipulate its supply, so they would need to acquire it from the market.

Some governments have been seizing and selling Bitcoin, which could be their ongoing strategy.

The unique power of governments to enforce violence allows them to continue confiscating and dumping Bitcoin as they please.

The Impact of FUD on Bitcoin and Fiat Exchange Price

The speaker believes that the government will target illegal activities to obtain Bitcoin, causing a lot of fear, uncertainty, and doubt (FUD) in the market.

They predict a momentum shift in Bitcoin's price around October to December, attributing the current FUD to a strategy to suppress the price and accumulate more Bitcoin.

The speaker advises against falling for the FUD and suggests that it's just a tactic to take advantage of the market cooldown.