PANews reported on July 12 that Spot On Chain monitoring showed that in the past 16 hours, the "German government" once again sold $376 million worth of Bitcoin ($BTC). This includes:

• 10,627 $BTC (worth $616 million) were transferred out, with an average price of about $57,976

• Recovered 4,169 $BTC (worth $240 million) at an average price of approximately $57,469

Currently, the German government has only 9,094 $BTC (worth $520 million) left, which is about 18% of its initial holdings. At this rate, it is expected that they will liquidate all $BTC in the next 1-2 days.