Germany has sold off more than 46,000 BTC before today. In the latest update, the last 3846 Bitcoins worth $223.81 million were moved to Flow traders and 139Po. 

The German government now has 0 Bitcoins remaining. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrends which largely kept the price of Bitcoin below $60,000. 

With the selloff possibly over, it is projected that the market might start its recovery phase. The price of the coin is up 0.91% in the past 24 hours to $58,236.12.

German Government Wallet