[Crypto Gossip] According to BlockBeats, on July 12, Spot On Chain monitoring data showed that the German government address sold another $376 million worth of Bitcoin in the past 16 hours, including 10,627 Bitcoins (US$616 million) sold at an average price of US$57,976, and 4,169 Bitcoins (US$240 million) recovered at an average price of US$57,469.

At present, there are only 9,094 BTC (US$520 million) left in the German government address, which is about 18% of the initial amount. It seems that the German government's "enthusiasm" for Bitcoin seems to be gradually cooling down. At this rate, it may sell all Bitcoin in the next 1-2 days.

Does this indicate that the value of Bitcoin will decline? Or is this just an ordinary transaction by the German government and has nothing to do with the value of Bitcoin? 🤔 We will leave this question to everyone to discuss in the comment section! Whether you are a novice in cryptocurrency or a veteran player, you are welcome to talk about your views and opinions in the comment section. Let us explore the future direction of the blockchain industry together!