🔴 The German Government accumulated back 3,673 $BTC ($207M) ~7 hours ago.

After moving out 16,039 $BTC(~$1B) last night and causing the Bitcoin price to plummet, the German Government has already accumulated back 3,673 $BTC.

These on-chain activities raise several questions:

➡️ Why move directly to CEX and sell on the spot market instead of OTC?

➡️ Why withdraw BTC after moving to CEX?

➡️ Why did the price drop so significantly given the relatively small sell-off compared to BTC's daily volume?

#BTC☀ #Market_Update #marketanalysis #cryptoanalysis #TradingAdvice