🔥Hot off the press! Bitcoin holds firm above $57k, unfazed by the German government's move of an additional $360M worth of BTC to various exchanges, according to Arkham data. 🚀

The government shifted 6,600 BTC to Kraken, Cumberland, and another institutional trading service. But wait, there's more! They sent another 5200 BTC to Kraken, Bitstamp, Coinbase, and 139Po, making it the biggest day for them with over 16,000 BTC moved. They currently hold 23,787.7 BTC ($1.35B).

Earlier this week, BTC dipped to $55k after the German Federal Criminal Police Office (BKA) moved $900M, causing a stir among traders. However, they received over $200M back from Kraken, Coinbase, and Bitstamp, indicating the assets didn't hit the market.

BKA's wallet now sits on 40,000 BTC, worth $1.3B. This stash was seized in 2013 from Movie2k.to operators. What a story! 🎬

What's your take on this? How will this impact the market? Let's chat in the comments! #Bitcoin #CryptoNews