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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🚨 GERMAN GOV’T TRANSFERS ANOTHER $900M IN BITCOIN, ADDING SELLING PRESSURE 🚨

The German government has ramped up its Bitcoin sell-off, transferring another $900 million worth of BTC.

This action has sparked concerns that continued selling pressure could further depress Bitcoin prices.
According to onchain data from Arkham Intelligence, the wallet labeled “German Government (BKA)” moved a total of approximately 16,309 BTC in multiple transactions on July 8.

This marks the largest single-day liquidation from the wallet. Notable recipients included crypto exchanges Bitstamp, Coinbase, and Kraken, as well as market makers Flow Traders and Cumberland DRW.

🔍 Key Transactions
3,500 BTC to Flow Traders
200 BTC to Kraken
400 BTC to Bitstamp
400 BTC to Coinbase

Another 700 BTC, worth over $38.5 million, was sent to the wallet “139Po,” which has previously received funds from the German government.

Will Germany crash the market?
I think they are mad. And have no economic sense of long term bitcoin.

Yes/No - drop your opinion in the comments!

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#germany #bitcoinselloff #bitcoincrash #bitcoinprice #markettrends

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