According to ChainCatcher, according to Ember’s monitoring, the German government transferred a total of 10,853.5 BTC (US$637 million) to exchanges and market makers today (according to the previous on-chain data, some unsold BTC may be returned to the address from the exchange in the future, which means that the actual sales amount should be less than the current transfer amount).

Since they started selling coins on June 19, they have transferred a total of 36,748.4 BTC (US$2.156 billion), and the number of BTC held is only 13,110 (US$757 million).

Ember said: "Based on the frequency of selling coins in recent days, the remaining BTC is likely to be cleared within this week."