๐Germany's biggest Bitcoin sale is on! Over 16,000 BTC ($900M) is heading to trading venues.๐ฅ
๐นArkham Intelligence shows a huge outflow from the government's wallet, leaving 23,787.7 BTC ($1.35B) behind.
๐นFirst wave of 2738.7 BTC ($155.3M) likely went to exchanges like Kraken, Cumberland, and a mystery address.
๐น8100 BTC ($463.2M) followed, hitting Kraken, Coinbase, Bitstamp, and Flow Traders.
๐น5200 BTC ($297.3M) wrapped up the day's transfers.
This is the biggest BTC dump from Germany so far, with less than half of the BTC seized from Movie2k still in the government's possession.
Despite some criticism and market fears, the sell-off continues. What do you think about this move? Let's chat below!๐ #DeFi #BitcoinSale