Saxony, a German State, has sold almost all seized Bitcoin. They held $3.5B of Bitcoin (50000 $BTC ) and are only left with approximately $300 million, likely to be sold today.

It’s incredible that this sell pressure has been absorbed and that Bitcoin’s price is around $60K

🇩🇪 The German government is selling off seized Bitcoin, miners are offloading holdings post-halving, and there are fears of a global economic slowdown. These factors contribute to Bitcoin's current stagnation.

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