Last Friday we told you about the German government selling thousands of bitcoin on the market and that selling has continued through this week. They held over $3.5B worth of Bitcoin and now have as little as $220 million worth of Bitcoin left which analysts predict will be sold off today. Incredibly the market has absorbed this giant sell-off like a king with BTC still holding around $58-60K, and with this in mind… What happens when the German government runs out of Bitcoin to sell, how will the market react?

Looking at the tracked coins from our CoinGecko portfolio here we are finally seeing some green on the 7 day chart, with LOAN and XPR leading the charge.

The Fear & Greed Index is now showing Extreme Fear, and according to the Index; 

“Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.”

“When Investors are getting too greedy, that means the market is due for a correction.”

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