📢Crypto Flash: Germany's government has moved a record 16,000 BTC ($915M) to crypto exchanges, causing a slight dip in Bitcoin's price. This massive offload, tracked by Arkham, is the largest single-day transfer by the German government. 📉

The BTC holdings of the German government have dropped significantly from 50,000 to around 23,787 BTC, valued at approximately $1.35B. This drastic sell-off follows the seizure of these Bitcoins from pirated movie site Movie2k earlier this year.

BTC price is currently down by 1.3%, trading around $56,152. The price has dropped over 10% in the past week, influenced by government selling and Mt.Gox repayments.

What's your take on this massive sell-off? Share your thoughts below! 👇👇