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<p>Yesterday, <a href="https://x.com/lookonchain/status/1811930695931167219?s=46" target="_blank" rel="noopener noreferrer nofollow">on-chain analytics firm Lookonchain</a> announced that the German government has transferred 10,627 BTC ($615.3 million) out and received 4,169 BTC ($239.6 million). They sold 6,458 BTC ($375.7 million) and held 9,094 BTC ($522.29).</p>
<p>However, a new report from the on-chain analytics firm showed that the government has sold all its BTC in 24 days. They sold a total of 50,179 BTC, which is $3.3 billion.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="759" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-1024x759.png" alt="" class="wp-image-525360" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-1024x759.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-300x222.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-767x569.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-1536x1139.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-2048x1519.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-202x150.png 202w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-472x350.png 472w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446-788x584.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-446.png 1300w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/youtuber-predicts-kaspa-kas-price-is-about-to-explode-heres-how/" target="_blank" rel="noopener noreferrer nofollow">YouTuber Predicts Kaspa (KAS) Price is About to ‘Explode’ – Here’s How</a></em></strong></p>
<p>Based on the report, the German government transferred 9,594 BTC ($553.7 million) and received 500 BTC ($28.6 million) in the past 24 hours and currently does not hold any BTC.</p>
<p>The selling action of the German government has been a major factor in the plummeting Bitcoin and crypto prices in recent days. However, the price has also stopped dipping and seems to be stabilizing.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="484" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-1024x484.png" alt="" class="wp-image-525352" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-1024x484.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-768x363.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-1536x726.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-2048x968.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-317x150.png 317w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-740x350.png 740w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445-788x372.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-445.png 1963w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The price of Bitcoin has stabilized, with the price support already holding around $55,000. For the past 5 days, it has been trading between $56,000 and $58,000. If the support continues to hold, we may see a slight move upward toward a key $60,000 resistance level.&nbsp;</p>
<p>The relative strength index is currently at 42, meaning that the price is not overbought or oversold. In the case of a continued rally, it has room to increase in value.</p>
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<p>The post <a href="https://captainaltcoin.com/how-much-bitcoin-did-german-government-sell-this-week-btc-price-holds/" rel="noopener noreferrer nofollow">How Much Bitcoin Did German Government Sell This Week? BTC Price Holds</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Much Bitcoin Did German Government Sell This Week? BTC Price Holds

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