Analysis: Under pessimistic assumptions, Mt. Gox and German government selling could trigger a 10.5% rapid drop in Bitcoin

BlockBeats reported that on July 9, crypto analyst Alex Krüger analyzed and calculated the decline in Bitcoin caused by the sale of Bitcoin by Mt. Gox and the German government on his social media platform.

Based on the current market liquidity and the decline in the market caused by several previous large-scale transfers of Bitcoin, Krüger concluded based on a pessimistic assumption (assuming that Germany sells the remaining Bitcoin at one time and 30% of the 85,000 Bitcoins held by Mt. Gox will be sold): The sale by Mt. Gox and the German government could trigger a rapid decline of 10.5% in Bitcoin.

But in general, the market can fully absorb the above selling pressure.