German government still has $1.86B USD in BTC to sell.

They already sold 17.5k BTC and 32k left.

Honestly, if we hold the price at this level, they will have sold that BTC in less than a month.

Feeling a bit bullish

But in the wider picture, US can sell too and then the US and the EU can make pressure on China using crypto related news for Q4 and early 2025. ETF is not about securities, and commodity prices on paper based only on more buyers interest, from who, in this case?

Hope all big institutional will sell their BTC

This is bullish if they can sell all and we are still above 50k. Only problem is US gov might sell some as well they are distributing supply.