Wu said that according to the statistics of on-chain analyst Yu Jin, the German government has transferred a total of 10,853.5 BTC (about $638 million) to exchanges and market makers today. Since June 19, they have transferred a total of 36,748.4 BTC (about $2.157 billion), and currently hold 13,110 BTC (about $758 million). Based on the frequency of selling coins in recent days, it is expected that these remaining BTC will likely be liquidated within this week. Yu Jin also mentioned that some unsold BTC may be returned to the address from the exchange, so the actual sales amount may be lower than the transfer amount.