Quote from: SamReomo on July 08, 2024, 07:30:02 PM

Quote from: Cryptodaring on July 08, 2024, 06:57:33 PM

Well, the Germans are still on the move. First, they sold a massive amount of Bitcoin, which caused a significant dump. Now, they're buying again, and I'm still trying to understand their strategy. Meanwhile, the market has been volatile, and I'm looking for ways to earn income.

Move this to Bitcoin discussion as that's the most suitable board for this topic. I also feel strange when I see their massive sell off and rebuying but I believe they understood that dumping all their holding at market isn't a good step and such step could disrupt the whole market and that's why they stopped selling more Bitcoin and instead are trying to accumulate more of it since it's price is still quite down from it ATH.

Many such theories were raised after they bought back $111 million worth of BTC 2 days ago but it seems things are not as we thought.Yesterday, they continued to send large amounts of bitcoin to centralized exchanges and according to Arkham, they were left holding just over 23kBTC while previously they held over 50kBTC.

Also yesterday, they made a move that confused the market by sending it to the exchange and then withdrawing a little, I have a feeling they still want to sell all their bitcoins but they are manipulating the market to get a better price. They don't care about the market situation and are interested in bitcoin like we think, they are selling and want to sell at a better price.