Government sales are not as big as thought for Bitcoin.

Recently, governments have started selling #Bitcoin (BTC) and this has had a negative impact on the cryptocurrency market.

BTC, which started its bull run with Spot Bitcoin ETFs, has been going through difficult times in recent weeks. BTC, which reached its all-time high in March, created an environment of fear and panic in July.

The German government selling $BTC at regular intervals and Mt Gox's BTC transfers were among the reasons behind the decline. CryptoQuant founder Ki Young Ju stated that governments' BTC selling volumes are a drop of water in the ocean in this bull market.

Ki Young Ju commented, “Don't let the government's FUD (market fear and market climate) creation ruin your transactions.” The founder of the crypto data platform stated that $BTC sales by governments are quite low compared to current money inflows. Addressing investors, Ki Young Ju advised investors not to make sudden moves against such agendas.

Stating that governments' #BTC sales are exaggerated, Ki Young Ju said, “$224 billion has flowed into this market since 2023. “BTC seized by the state contributes approximately 9 billion dollars to the realized limit,” he commented.

The founder of CryptoQuant stated that these sales, which created a panic environment, corresponded to only 4 percent of the cumulative value.

BTCs held by Germany and the #USA create concern for crypto investors. According to Arkham's data, Germany holds 41,200 BTC and continues to sell it regularly.