- Germany’s Bitcoin holdings decreased to 4,925 BTC
- El Salvador’s Bitcoin holdings reached 5,807 BTC
- Is this the opposite strategy or mutual action?
So, Germany just made another Bitcoin sale, dropping its holdings of 4,925 BTC. We discussed what this could mean in a series of articles, such as this one.
At the same time, El Salvador’s Bitcoin holdings surpassed Germany’s, and now, it is 5,807 BTC.
Why Do Their Moves Look So Different?
Consistent buying not only by US Bitcoin ETFs but also by El Salvador against German sales looks interesting.
As we mentioned earlier, the strategy behind this can be very different. Starting from Germany doesnt not really believe in the long-term potential of bitcoin and trying to make an actual profit – to the opposite, trying to maximize the price collapse with such big sales to maximize the buyback later.
Also, given so much systematic selling and buying on each side, it seems an interesting theory that this is a joint strategy where Germany could provide opportunities for other big players to buy as much Bitcoin as possible at the most favorable terms.
Of course, we will be able to test all of these theories only after the fact, and for now, we have to keep a close eye on the mutual dynamics and, even more importantly, not miss possible opposite but correlated movements between the major players.
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