German authorities sold 10,567 BTC worth $600 million, which significantly contributed to the 18% drop in Bitcoin price over the past month. 💔 Today, wallets linked to the German authorities contain a balance of 4,925 BTC, valued at $285 million. This is more than 90% less than they had three weeks ago when they began selling assets.

Tron founder Justin Sun recently proposed buying the country's bitcoins to minimize damage to the market.

Even though Germany appears to be nearing the end of its sell-off, other entities are still expected to sell their BTC. Mt. Gox and Genesis Trading, together with the German sell-off, have exacerbated the recent decline in the price of Bitcoin, which has already seen an 18% drop over the past month.