Recently, the German government transferred 700 bitcoins, worth about $40 million. This sparked discussions in the crypto community. Some are wary of potential market volatility, while others believe the recent market recovery could offset any negative impact. 📈📉

In the past, the German government has made significant transfers of BTC, which often caused market fluctuations. Despite these sales, BTC and other cryptocurrencies have shown resilience. BTC prices recently rebounded, rising more than 2% in 24 hours.

German lawmaker Joana Cotard criticizes these bitcoin sales. She argues that the government should integrate Bitcoin into its treasury. Cotard believes that owning Bitcoin can stabilize the market.

Trader Peter Brandt has identified an important pattern in the current behavior of the Bitcoin market. He described the recent trend as a "foot shot" signaling a potential buying opportunity. Brandt, like Robert Kiyosaki, calls for buying BTC when prices fall.

Tron blockchain founder Justin Sun recently commented on Germany's bitcoin sales. He joked that Germany lost the UEFA Euro 2024 because of these sales.