Golden Finance reported that according to Spot On Chain monitoring, in the past 16 hours, the German government address has sold another $376 million worth of Bitcoin, selling 10,627 Bitcoins (US$616 million) at an average price of $57,976, and recovering 4,169 Bitcoins (US$240 million) at an average price of $57,469. Currently, the German government address only has 9,094 BTC (US$520 million), which is about 18% of the initial amount. At this rate, it may sell all Bitcoin in the next 1-2 days.