🔥German Government sells Bitcoins again
The German government continues to move its Bitcoins towards centralized #exchanges and other wallets (possible sales) in these last few days, while the Blackrock ETF continues to accumulate more #Bitcoin .
Due to the latest movements of the German government's wallets, it currently holds 13,111 BTC (approximately $754 million dollars). According to @Arkham Intelligence, the government held about 49,850 BTC in February of this year. This would indicate that you currently only have 26.31% of the total Bitcoins you had left.
On the other hand, the #ETF. spot #BlackRock (IBIT) has been accumulating more Bitcoin these past few days. In these last 7 days alone, it has accumulated about 5,359 BTC and behind it is Fidelity with 4,853 new Bitcoins accumulated as of July 10.
Will these new accumulations by ETFs continue to absorb the selling pressures from the German government and MT GOX?
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