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The market absorbed about 0.4% of the total supply of BTC within a few hours without triggering any cascading liquidations or chain collapses.
It seems that the structure and resilience of the crypto market have quietly undergone a tremendous change. As some netizens have pointed out, this is almost sending a strong signal to the market, proving that BTC has extremely deep, institutional-level liquidity. This greatly strengthens BTC's market resilience and support capacity.
It is important to know that just a year ago, at the end of June to early July 2024, the German government liquidated approximately 50,000 BTC (49,858 coins), with an average selling price of 57.9k, making a profit of about 2.88 billion #ETF实物申购赎回# .