🚨The German government has taken action again and again
It's not over yet
The German government has once again taken action to transfer Bitcoin on a large scale. According to the Onchain data platform Arkham, the German authorities' Bitcoin address transferred $17.6 million worth of Bitcoin to exchanges such as Coinbase, Bitstamp and Kraken on Tuesday morning! Is this the rhythm of selling?
💸It is reported that the German government sent a total of 100 BTC (US$6.2 million) to Coinbase, 150 BTC (US$9.4 million) to Bitstamp, and 32.74 BTC (US$2 million) to Kraken. In addition, 550 BTC (US$34.3 million) were transferred to the mysterious address "139Po". The total value of Bitcoin in the hands of the German government is as high as US$193 million!
🕵️♂️Some analysts pointed out that the German government's move may be to sell these Bitcoins through exchanges. Coupled with the previous large-scale transfer actions on June 26 and 27, the German government's movements have attracted great attention in the industry.
🤯 Netizens said on X: "I really don't understand the German government's actions! Is it preparing to liquidate Bitcoin?", "The operations of the big guys are really unpredictable. With such a large-scale transfer, the market is not going to explode?"
💡According to Arkham data, the German government currently holds 43,859 BTC, worth about US$2.7 billion, making it the third largest government in the world. This news undoubtedly makes the future of the crypto market even more confusing!
