Analysis: German and US Governments, Mt.Gox Sales Subtly Assimilated by Market

IconCryptoNewsTerminal Staff01 Sep, 2024

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Analysis: German and US Governments, Mt.Gox Sales Subtly Assimilated by Market

On-chain analyst Willy Woo tweeted via [XXX], "Looking at the exchange BTC balance metric, the German government, US government and Mt Gox BTC inflows have been slowly absorbed by the market. Also a decline in paper bitcoin bets. Positive signs. Seems like the crypto markets are transitioning from a bear to neutral phase."