Bitcoin

Arkham

when

Michael Saylor, a renowned Bitcoin maximalist, has commented on the massive Bitcoin sales made by the German Government. According to Arkham Intelligence data, the European nation’s wallet reached zero on Friday afternoon. 
Also Read: <a href="https://www.cryptopolitan.com/bitcoin-whales-added-71k-btc-to-their-wallet/">BTC whales added 71K BTC to their wallets this week</a> 
The BTC transfers appear to be linked to the German government’s plan to sell the 50,000 BTC it seized earlier this year from the now-defunct film piracy website Movie2K. Germany seized the BTC, which were estimated to be worth more than $2 billion. 
Arkham Intelligence data shows that Germany’s BKA made its last BTC sales and now holds 0.04 BTC, which is worth $244 at current prices. Michael Saylor has weighed on on the sale, saying “Du verkaufst deine Bitcoin nicht.” which translates to “You do not sell your Bitcoin.” 
<figure class="wp-block-image"> 
 <figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcjRGMIrZQFAA9Yh940SyM_UFzhZuizz8lF8vlyRJDZJtLnDEdHP1wCVmmZZ8i9E_xbB21MmMMsqWmSrjClKgQF9NljeFc_EkoZy4N4FoWdEsH1Qow494gHSiCMsVYMqk_XK7mlb2wmWjwVJLYj258GPSml?key=wvspewCCnYm2bLzzmk1oqw" alt="" width="698" height="199">
 <figcaption class="wp-caption-text">
 Source: X – Michael Saylor
 </figcaption>
 </figure> 
</figure> 
Earlier this year, Saylor sent a similar message to the global Bitcoin community when the BTC sell-off began, and the price began to fall. According to the <a href="https://x.com/lookonchain/status/1811930695931167219" rel="nofollow" target="_blank">@lookonchain </a>analytics account, the German government has disposed of 50,179 BTC worth around $3.3 billion in the last 24 days. 
Over the last 24 hours, the German government has transferred about 10,000 BTC worth more than half a billion US dollars to centralized crypto exchanges (CEXs) such as Bitstamp and Coinbase. 
Also, the government received back approximately 500 BTC worth $28.6 million. That was subsequently sold because, according to the on-chain data account, German authorities today own zero Bitcoin. All of this cryptocurrency was seized from the pirate Movie2k website in January of this year. 
<figure class="wp-block-image"> 
 <figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdt5FtLIWsRmJyBditgaGuam4TeDSL9r11nqkHAt6knRb_6hYx2SlUqx0jJMMiI9g6zEUlq2603gcAt1gvxs-Zvfqx5zSRrJ0jhjFoJe79OHXp0ROpSSqUeKM_XYXmgTYOQ16NRwt7nQq7_ZlSy26rcU6YT?key=wvspewCCnYm2bLzzmk1oqw" alt="" width="959" height="405">
 <figcaption class="wp-caption-text">
 Source: Arkham Intelligence
 </figcaption>
 </figure> 
</figure> 
Last month, Germany started performing a series of staggered BTC transfers to several exchanges. At least one German legislator opposed the intention to sell the confiscated bitcoin. 
Despite the German government’s exhaustion of BTC reserves, selling pressure from the $9 billion Mt. Gox payment plan may keep Bitcoin prices low in the next weeks, perpetuating the market’s mood of fear, uncertainty, and doubt. 
Also Read: <a href="https://www.cryptopolitan.com/bitcoin-fees-drop-by-18-in-one-week/">Bitcoin fees drop by 18% in one week</a> 
The exchange crashed in 2014 when BTC was still worth hundreds of dollars. 
During the increased selling pressure, institutional investors purchased the dip. CoinShares data shows that US exchange-traded funds (ETFs) saw $300 million in inflows during the week of July 8, reversing many weeks of depressed inflows into investment funds.

Bitcoin Markets: Michael Saylor tells the German Government, ‘You do not sell your Bitcoin’

Cryptopolitan_News

发布于 2024年7月13日的其他文章

DOGE Price Prediction for July 13

Crypto Whale Justin Sun Goes On Ethereum Buying Spree, What is He Accumulating?

German Government Sells Bitcoin Holdings

Cardano Sees Significant Value Increase

Affordable Investments: Top 4 Low-Cost Cryptocurrencies Ready to Surge

Daily Crypto Bonanza: BlockDAG X100 Mining Crypto Rig’s $20K Potential; Catch the Wave with Solan...

订阅我们免费的电子期刊，获取每日最新加密领域动态！