Next time someone says they want to dump the market, use your brain. The German government's sale of Bitcoin this time has basically established a typical model for the handling of cryptocurrencies confiscated by the government in the future, which are basically OTC transactions.
More than 90% of BTC sales by German law enforcement agencies are conducted through OTC, which has no direct impact on the market
According to the official website of Saxony, Germany, the Saxony State Prosecutor's Office sold nearly 50,000 bitcoins in about three and a half weeks, with each sale accounting for less than 1% of the market trading volume. More than 90% of the transactions were conducted through the OTC market to ensure the minimum impact on the price of Bitcoin. The sale raised a total of 2.63968 billion euros, and the funds will be temporarily kept in the criminal proceedings of the "movie2k" case of the Leipzig District Court until the case is finally decided.
According to previous news, German law enforcement agencies sold nearly 50,000 bitcoins in total, with a net gain of about 2.88 billion US dollars.