There are no more bitcoins {{BTC}} left to sell after the German state of Saxony moved its seized assets to crypto exchanges and brokers on Thursday. 😲

Bitcoin wallets affiliated with German authorities transferred a total of 10,567 BTC in several batches worth over $600 million throughout the day to Bitstamp, Coinbase, Kraken and other service providers such as Flow Traders and Cumberland DRW, according to blockchain data from Arkham Intelligence. 💸

After today's trading, wallets linked to the authorities held just 4,925 BTC, worth $285 million at current prices, down from 50,000 BTC worth almost $3 billion three weeks ago. 😱

This means Germany's Bitcoin selling spree could end on Friday or early next week, given that wallets have emptied around 35,000 BTC so far this week. 🎉

The impending end of Germany's $3 billion selling spree could ease the fears of crypto investors, who have been focusing on the on-chain movements of major potential sellers over the past few weeks. 🧐

Bitcoin's 15% correction in the last month is due to the US government's move of $240 million worth of BTC related to Silk Road, which has over $12 billion worth of confiscated bitcoin, to Coinbase, and the bankrupt Japanese exchange Mt. Gox started paying 140,000 BTC to its creditors this month. 🤔

Fears about the impending selling pressure may have been exaggerated, as NYDIG's head of research, Greg Cipolaro, noted in a report that Bitcoin's decline has outweighed the price impact if all potential selling occurs. 😎

I'm waiting for your comments! What do you think about DeFi and Web 3? I look forward to discussing this with you! 🚀