๐จ GERMAN GOVโT TRANSFERS ANOTHER $900M IN BITCOIN, ADDING SELLING PRESSURE ๐จ
The German government has ramped up its Bitcoin sell-off, transferring another $900 million worth of BTC.
This action has sparked concerns that continued selling pressure could further depress Bitcoin prices.
According to onchain data from Arkham Intelligence, the wallet labeled โGerman Government (BKA)โ moved a total of approximately 16,309 BTC in multiple transactions on July 8.
This marks the largest single-day liquidation from the wallet. Notable recipients included crypto exchanges Bitstamp, Coinbase, and Kraken, as well as market makers Flow Traders and Cumberland DRW.
๐ Key Transactions
3,500 BTC to Flow Traders
200 BTC to Kraken
400 BTC to Bitstamp
400 BTC to Coinbase
Another 700 BTC, worth over $38.5 million, was sent to the wallet โ139Po,โ which has previously received funds from the German government.
Will Germany crash the market?
I think they are mad. And have no economic sense of long term bitcoin.
Yes/No - drop your opinion in the comments!
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