Breaking: Germany Runs Of Bitcoin With 3846 BTC Moved To Flow Traders

The wallet address tagged “German Government” by Arkham Intelligence no longer has any Bitcoin (BTC) to sell. After about a month of unrelenting selloff, the government sent the last batch of coins in what comes off as a relief for the market.

Is the Germany Bitcoin Nightmare Over?

According to several reports, Germany has sold off more than 46,000 BTC before today. In the latest update, Arkham Intelligence noted that the last 3,846 Bitcoin units worth approximately $223.81 million have moved to Flow Traders and 139Pro.

BREAKING: The German Government is now out of Bitcoin.

The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).

The German Government has 0 BTC ($0.00M) remaining. pic.twitter.com/R2vfylR1b2

— Arkham (@ArkhamIntel) July 12, 2024

The balance on the highly monitored wallet is now reading 0 BTC. The weeks-long selloff of the Bitcoin in the account has triggered multiple crypto market downtrend. This selloff has largely kept the price of Bitcoin below the $60,000 price market. With the selloff possibly over, the projection is that the market might start its recovery phase moving forward.

This is a developing story, please check back for updates!!

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