A cryptocurrency wallet labeled "German Government (BKA)" has sold another $900 million worth of Bitcoin, causing a drop in Bitcoin price due to the selling pressure. The wallet transferred approximately 16,309 Bitcoin to various addresses, including crypto exchanges Bitstamp, Coinbase, and Kraken. Following these transfers, Bitcoin price fell by 6.75%. This selling spree has reduced the German government's Bitcoin holdings to 23,788 BTC, worth $1.3 billion. This drop triggered massive liquidations across the crypto market, with $425 million leveraged positions liquidated. Adding to the selling pressure, the repayment process for creditors of the defunct crypto exchange Mt. Gox has begun, with repayments in Bitcoin and Bitcoin Cash scheduled.