CryptoPotato - Germany conducted its largest Bitcoin sale to date on Monday, offloading $900 million worth of the cryptocurrency, which triggered market concerns and price corrections

in blockchain •  7 months ago 

https://cryptopotato.com/german-government-prepares-to-sell-another-900-million-in-bitcoin/
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Germany executed its largest single-day Bitcoin sale on Monday, offloading $900 million worth of the digital currency to various exchanges and market makers.

The dump, flagged by Arkham Intelligence, involved over 16,000 BTC being sent to platforms like Kraken, Coinbase, and Bitstamp, with significant portions going to Flow Traders and unidentified addresses.

This move, part of the liquidation of Bitcoin seized from the Movie2k piracy website, has sparked concerns in the crypto market, leading to price corrections and criticism from industry figures and politicians.

Beware of Bitcoin dumps!!

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