German gov’t was rushing to sell Bitcoin to maximize liquidity: Arkham CEO
Using five different crypto exchanges suggests that the wallet sought to maximize liquidity on each order book and sell Bitcoin as soon as possible. Go to Source
Arkham Intelligence
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Mt. Gox moves $3B in BTC to unknown address
Mt. Gox’s cold wallet transfers 47,229 BTC worth $3 billion to an unknown address, marking significant activity after a two-week lull. Go to Source
Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s … Read more
Germany has 9K Bitcoin left just 3 weeks after it started selling
Germany’s Bitcoin stack briefly dipped below 5,000 BTC after sending a mass of funds to Coinbase, Bitstamp, and Kraken but has since moved some back. Go to Source
From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues
Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 … Read more
German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins
At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested … Read more
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers … Read more
German Gov’t $354M BTC sell-off: Yet more volatility incoming?
The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC. Go to Source
German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits … Read more
German gov’t shifts further 3K BTC in 1 hour
The latest transactions by the German government follow MP outcries to stop the sell-off and protect the country from the risks of the traditional financial system. Go to Source