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Multiple countries' governments' Bitcoin addresses are active, leading to large investors reducing their holdings and market fluctuations.
Multiple Countries' Governments Bitcoin Address Changes Trigger Market Fluctuation
Recently, the cryptocurrency market has experienced significant fluctuations, partly due to transfer activities on Bitcoin addresses held by the governments of the United States, Germany, and other countries. These movements have triggered a sharp market reaction, leading to a substantial price drop and prompting many large holders to begin reducing their assets.
According to statistics, the U.S. government currently holds about 213,000 Bitcoins, valued at approximately $11.5 billion. In addition, its Ethereum holdings are around 50,000 coins, worth close to $1.45 billion. The German government's Bitcoin reserves have reached 42,000 coins, with a market value of about $2.3 billion. Another noteworthy Address holds 141,600 Bitcoins, valued at approximately $7.69 billion.
In this market environment, a large number of institutional investors and individual big players are actively reducing leverage and cutting positions. Particularly noteworthy is that within just 3 hours, a big player transferred a total of 20,830 Ether (approximately $59 million) to a certain trading platform through multiple transactions.
According to research by on-chain analysis experts, this investor previously mortgaged 53,000 Ethereum on certain decentralized finance platforms, borrowing approximately $107.8 million in stablecoins. Currently, the health ratio of their lending position has fallen to 1.15, which means that if the price of Ethereum drops to around $2,526, the position will face liquidation risk. Therefore, against the backdrop of a rapid decline in Ethereum prices, this investor chose to sell part of their Ethereum to repay the loan, thereby reducing leverage risk.
This series of trends reflects the current uncertainty and fluctuation in the cryptocurrency market, with investors taking various measures to manage risks and adjust strategies. Market participants need to closely monitor these developments to make informed investment decisions.