What happened in Crypto in the last 12h?

• According to TA, nearest $BTC support is around $52K, with strong support at $44K.

• Mt. Gox has transferred 47k BTC to another address.

• The German government is selling 50,000 BTC (10,000 already sold).

Bitcoin recently traded at a discount on Coinbase after the Mt. Gox news and sell-off.

This discount is recovering, showing US investors aren't selling heavily anymore. The gap between Coinbase and Binance prices is closing, which is a positive sign.

$BTC spot premium has declined by about 50%, indicating a spot sell-off driving prices lower.