The German government continues to dump BTC on crypto exchanges. This is evidenced by on-chain analytics data from #Arkham.
Today we are talking about transferring Arkham 250 BTC (about $15 million) to the Bitstamp and Kraken exchanges. And another 500 BTC to an unknown wallet. Also, after a test transaction, 345 BTC was transferred to the market maker’s address. Flow Traders.
Yesterday, 200 BTC were sent to the Coinbase and Kraken exchanges, and 500 BTC went to the same unknown wallet.
Earlier on June 19, the German government transferred 6,500 BTC (worth $425 million). Also to the Kraken and Bitstamp exchanges and to an unknown wallet.
Currently, there are still 45,264 BTC worth $2.785 billion left in this German government wallet. At the same time,#BTCtransfers to it are periodically made from another wallet, also marked as the wallet of the German government.
Judging by the pace of sales, we can’t expect any dumps from Germany. The topic can be used as FUD, but nothing more. And this is not on the scale of Mt.Gox.
More important is the fact that Germany seems to be trading Bitcoin with might and main. For now, however, she is only selling what she got for free. Let us recall that in January of this year, German authorities confiscated 50,000 BTC associated with the operation of the pirate site Movie2k. to in 2013. Which made them a major holder of the main cryptocurrency.
