Germany’s Historic $900 Million Bitcoin Selloff Impacting Market Stability

The German government has commenced preparations for its largest Bitcoin liquidation to date, amounting to $900 million. On-chain data from Arkham Intelligence reveals that on July 8, over 16,000 BTC were moved from the government’s wallet, leaving 23,787.7 BTC, equivalent to $1.35 billion, behind. Arkham Intelligence was the first to report on this large-scale selloff,

Source: CoinOtag