On July 12, the German government sold the last of its bitcoins, Arkham Intelligence reports. The last trade sent 3,846 BTC to "Flow Traders and 139Po". This followed weeks of increased sales pressure from the German government, which sold tens of thousands of bitcoins. Most of the 50,000 bitcoins sold by the German government over the past three weeks were the result of asset seizures and are largely responsible for keeping the market below the $60,000 mark. Despite the depletion of bitcoin supplies by the German government, selling pressure from the Mt. Gox's $9 billion could suppress the price of Bitcoin in the coming weeks. 😔