The German government is conducting a large-scale Bitcoin sell-off. According to on-chain data analyst Yu Jin's statistics, approximately $21.56 billion worth of Bitcoin has been transferred out since June 19. Currently, the government address holds only about $7.54 billion worth of Bitcoin. Yu Jin predicts that the remaining Bitcoin may be completely sold off within this week.

According to data analysis by the on-chain analyst Yu Jin, DeepTechFlow news revealed that the German government address transferred a total of 10,853.5 BTC today (approximately $637 million) to trading platforms and liquidity providers (there may be some BTC that are not sold and returned from the trading platform, so the actual sales quantity may be slightly less than the transfer quantity). Since June 19, the German government address has transferred a total of 36,748.4 BTC (approximately $2.16 billion) and currently holds only 13,110 BTC (approximately $754 million). Yu Jin stated that based on the recent selling frequency, the remaining BTC is highly likely to be liquidated within this week.