Since June 19, the German government, the US government, and Mt. Gox have transferred more than 17,788 BTC, with a total value of more than $1 billion.

In Germany in particular, Bitcoin has been transferred every day since July 1.

These three major holders currently have a total of 396,210 BTC, worth about $22.78 billion:

Germany: 41,226 BTC, worth about $2.28 billion United States: 213,297 BTC, worth about $11.72 billion Mt. Gox: 141,687 BTC, worth about $7.78 billion

As these large holders cannot fully process their Bitcoin in the short term, the overall market is expected to continue to fluctuate downward. The oversold rebound may end, and the market may continue to test support levels. Therefore, investors need to remain cautious and seize opportunities to make profits in time.