🔍Analytical company Arkham reports that a wallet associated with the German government began increasing BTC movement on June 19. This caused a lot of speculation about the sale of BTC by the German authorities.

• The wallet, which had held about 50,000 BTC since February 2024, sold almost 6,500 BTC.

• The funds are believed to have been seized from the operator of movie piracy site Movie2k.

• The wallet made four transactions today, including one for 6,500 BTC ($425 million) to bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd.

• Some members of the crypto community attribute the recent increase in short positions and decline in the Bitcoin market to a possible sale of BTC by the German government.

• There are currently 43.359 BTC remaining in the wallet, worth $2.83 billion.