The "German Government" address sold a total of $376 million worth of Bitcoin in the past 16 hours
According to Spot On Chain monitoring, in the past 16 hours, the German government address has once again sold $376 million worth of Bitcoin, selling 10,627 Bitcoin (worth $616 million) at an average price of $57,976 and buying back 4,169 Bitcoin (worth $240 million) at an average price of $57,469. Currently, the German government address only has 9,094 BTC (worth $520 million), about 18% of the initial quantity. At this rate, it may sell all of its Bitcoin in the next 1-2 days.
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