🔥Hot off the press! Saxony, a German state, is running low on Bitcoin after transferring 10,567 BTC (over $600M) to exchanges like Bitstamp, Coinbase, and Kraken. Wallets linked to the authorities now hold just 4,925 BTC ($285M), down from 50,000 BTC ($3B) three weeks ago.

The Bitcoin selling spree could end as early as Friday or next week, given the rapid pace of transactions. This could ease crypto investors' worries about large potential sellers impacting the market. 📉

The 15% Bitcoin correction this past month coincided with the U.S. government moving $240M worth of BTC related to Silk Road to Coinbase and Mt. Gox starting repayments of 140,000 BTC to creditors.

🤔What do you think? Was the fear of sell pressure overblown? Or will we see another dip as these assets hit the market? Let's chat below! #CryptoNews #BitcoinSellingSpree