Flow

Dollars

Bitcoin

Million

Arkham

The German government continues to sell Bitcoins in its wallet despite the major drops in the Bitcoin price. 
Related News: <a href="https://en.bitcoinsistemi.com/is-germany-the-reason-for-the-decline-in-bitcoin-here-is-the-latest-data/" target="_blank" rel="dofollow">Is Germany the Reason for the Decline in Bitcoin? Here is the Latest Data!</a> 
According to data from blockchain analysis firm Arkham, Germany transferred hundreds of millions of dollars worth of Bitcoin today. 
<h2 id="german-government-continues-bitcoin-sales">German Government Continues Bitcoin Sales!</h2> 
According to Arkham data, a German government address transferred approximately 3,133 BTC ($170 million) to crypto exchanges and crypto market makers in the last hour. 
The transfers include 300 BTC ($17.13 million) each to Coinbase and Bitstamp exchanges and 1,000 BTC ($57.08 million) to market maker Flow Traders. 
Additionally, he sent 250 BTC worth $14.29 million to an address starting with “bc1qu” and 150 BTC ($8.57 million) to the Kraken exchange. 
The German government also sent 1,000 BTC worth $57.16 million to an address starting with “139PoP,” which is suspected to belong to liquidity provider B2C2 Group. 
Finally, the German government transferred 133,722 BTC worth $ 7.63 million to market maker Cumberland DRW. 
<img decoding="async" class="alignnone wp-image-147560" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/Ekran-goruntusu-2024-07-08-155311.png" alt="" width="1010" height="283"> 
After the latest transfers, the German government still has $2.017 billion worth of BTC in its wallet. 
While Germany's selling pressure on Bitcoin continued, Tron (TRX) founder Justin Sun announced that Germany could purchase all its Bitcoins via OTC to reduce the selling pressure on Bitcoin. 
However, to date, there has been no official statement regarding Bitcoin trading from either Germany or Justin Sun. 
<h2 id="update">UPDATE:</h2> 
The German Government continued its transfers according to Arkham data. Accordingly, the German government sent a large amount of BTC to an address starting with “139PoP”, which is suspected to belong to Coinbase, Bitstamp, Kraken exchanges, market maker Flow Traders and liquidity provider B2C2 Group. 
According to the data, the German government still has 23,788 BTC worth $1.33 billion. 
<img decoding="async" class="alignnone size-full wp-image-147575" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/Ekran-goruntusu-2024-07-08-180533.png" alt="" width="1251" height="532"> 
According to Arkham, today's BTC transfers make it the biggest transfer day ever for Germany. Because Arkham said that the German government transferred over 16,000 BTC in total. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The German Government sent another 6200 BTC ($297.3M) to Kraken, Bitstamp, Coinbase and 139Po right after we posted this tweet. That makes this the biggest day for them so far – over 16,000 BTC in total. 
 They currently hold 23,787.7 BTC ($1.35B). 
 Less than half of the BTC… <a href="https://t.co/dprVc5nC5A">https://t.co/dprVc5nC5A</a> <a href="https://t.co/fkfdt0JhYc">pic.twitter.com/fkfdt0JhYc</a> 
 — Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1810326437942984704?ref_src=twsrc%5Etfw">July 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/germany-doesnt-let-go-of-bitcoin-another-170-million-dollars-of-btc-sold-in-the-last-hour/">Germany Doesn't Let Go of Bitcoin! Another 170 Million Dollars of BTC Sold in the Last Hour!</a>

Germany Doesn't Let Go of Bitcoin! Another 170 Million Dollars of BTC Sold in the Last Hour!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jul 8, 2024

MoonBag Presale Trends As Investors Claim 88% APY On Investments Amidst Slothana & Kaspa’s Hurdles

Bybit Lists Hamster Kombat Token

The German Criminal Police Office (BKA) Has Distributed Around 8,000 BTCs Since 19th June!

21Shares Files Updated S-1 Amendment For Spot Ethereum ETF

Token Unlock Alert: Key Dates and Potential Market Impact for XAI, DYDX, Aptos, and More

Bitcoin Price Prediction: Pattern Reveals Continuation Of Bloodbath As BTC Loses Major Support

Join our free newsletter for daily crypto updates!