Why is the market crashing???
UPDATE: German Government selling up to $175M $BTC
In the past 2 hours the German Government has moved 1300 BTC ($76M) to exchange deposits at Kraken, Bitstamp and Coinbase.
They have also moved 1700 BTC ($99M) to address 139Po.
These funds are likely moving to a deposit for an institutional service or OTC.
The German Government still holds 40,359 BTC ($2.3B) in tagged addresses on-chain.
Source: ARKHAM
If they keep selling the remaining 40,359 $BTC the whole crypto market would react greatly to this because it will cause a lot of FUD and it will lead a lot of people selling off their BITCOIN at losses
Follow Us for Alpha Updates
