The exchange was one of several involved in theto and from a wallet belonging to the German state. Both inbound and outbound BTC transactions occurred on the day, the latter involving around 3,000 BTC at the time of writing.
In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital saw increased presence of"speculative" trading behavior. "The market is highly reactive to supply movements, suggesting speculative selling pressure rather than real spot demand. This may indicate a market over-positioning for the downside."
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