Bitcoin Accumulation: Who’s Been Buying Up All The BTC Dumped By The German Government?
Summary
Bitcoin experienced a significant selloff, dropping below $54,000 due to the German state of Saxony selling seized bitcoins. However, whales acquired 71,000 BTC during the same period, stabilizing the market. Despite the selloff, Bitcoin held its ground, demonstrating maturity and stability. Currently trading at $59,960, bulls aim to break above $60,000 for further price increase.
