According to on-chain data analyst Yu Jin, the German government has transferred a significant amount of Bitcoin (BTC) to trading platforms and market makers, totaling 10,853.5 BTC (approximately $637 million) on July 10. Since June 19, the government has moved 36,748.4 BTC (about $2.156 billion) in total. With only 13,110 BTC remaining, it is anticipated that these holdings will be completely sold off within the week.

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BlockBeats news, on July 10, according to the statistics released by on-chain data analyst Yu Jin, the German government address transferred a total of 10,853.5 BTC (about 637 million US dollars) to trading platforms and market makers today (some unsold BTC may be returned from the trading platform in the future, and the actual sales amount may be less than the transfer amount). Since the German government address began selling coins on June 19, it has transferred a total of 36,748.4 BTC (about 2.156 billion US dollars), and the number of BTC still held is only 13,110 (about 754 million US dollars). Judging from the frequency of selling coins in recent days, the remaining BTC is likely to be cleared within this week.

German Government Likely to Sell Off Remaining Bitcoin Holdings This Week