Analysis: Under pessimistic assumptions, Mentougou and the German government's sell-off could trigger a rapid 10.5% drop in Bitcoin
Cryptocurrency analyst Alex Krüger analyzed on his social platform the potential drop in Bitcoin caused by Mentougou and the German government selling off their Bitcoins. Based on current market liquidity and previous large-scale Bitcoin transfers that triggered market declines, Krüger concluded under a pessimistic assumption (assuming Germany sells all remaining Bitcoins at once, and 30% of the 85,000 Bitcoins held by Mentougou will be sold) that the sell-off by Mentougou and the German government could trigger a rapid 10.5% decline in Bitcoin. However, overall, the market can fully absorb such selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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