Yesterday, after the German government sent more than 16k BTC to the exchange, they also withdrew 3206 BTC (~ $184.58 million).

Today the German government continued to deposit and sell 6306 BTC worth ~$362 million to the exchanges.

Currently, the German government still holds 22,847 BTC (~$1.32 billion).

It is expected that in the coming days they will continue to deposit and withdraw like this, causing confusion, but you can rest assured that no matter how much they sell, someone will buy it.