Spot On Chain: The German government's sell-off was a "one-off event", and the withdrawal of BTC from CEX may be due to the realization that spot sales are not a good idea

"Oh, oops, we screwed up, hurry up and take it back before anyone finds out!"

The German government's recent Bitcoin operation is like a "thriller" in the financial world! They seized about $2 billion in Bitcoin from the operator of the movie piracy website Movie2k.to, and then decided to sell it on CEX.

As a result, the market was in a panic and prices fluctuated greatly. It was as if they were saying, "Hey, everyone, come and see, we are going to do something!"

But what's more interesting is that they later realized that this was not a good idea, so they began to withdraw Bitcoin from the exchange and turned to over-the-counter transactions.

This wave of operations makes people wonder: Are they intentionally creating market panic, or is it internal management chaos? In any case, this "Bitcoin thriller" is still going on, so let's wait and see! 🎬💥