Massive selling $BTC by German 🇩🇪 Government

The German government has transferred millions in seized Bitcoin to major exchanges Kraken and Coinbase, according to Arkham. Originating from a wallet connected to the German Federal Criminal Police Office, the BKA moved $24 million in Bitcoin on Tuesday, with an additional $30 million sent to an unknown wallet. This follows previous transfers of $195 million on June 19 and 20, totaling over $425 million in the past week. While the majority of the seized Bitcoin remains with the government, these transfers may indicate plans to liquidate some assets. Although this could introduce downward price pressure, the amounts moved are relatively small compared to daily Bitcoin trading volumes.