Flow Traders Archives - Coin Engineer https://coinengineer.net/blog/tag/flow-traders/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 10 Jul 2024 14:33:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Flow Traders Archives - Coin Engineer https://coinengineer.net/blog/tag/flow-traders/ 32 32 Germany Continues to Sell Bitcoin: New Transfer of 5800 BTC https://coinengineer.net/blog/germany-continues-to-sell-bitcoin-new-transfer-of-5800-btc/ https://coinengineer.net/blog/germany-continues-to-sell-bitcoin-new-transfer-of-5800-btc/#respond Wed, 10 Jul 2024 20:30:37 +0000 https://coinengineer.io/?p=24797 The German government, which has been selling its 50,000 Bitcoin holdings since June 19, has continued with new transfers on Wednesday. More than 5800 BTC worth $340 million were sent to market makers and exchanges. The German government, which has sold nearly 30,000 Bitcoin so far, has withdrawn approximately 5800 BTC from its own wallet

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]]> The German government, which has been selling its 50,000 Bitcoin holdings since June 19, has continued with new transfers on Wednesday. More than 5800 BTC worth $340 million were sent to market makers and exchanges.

The German government, which has sold nearly 30,000 Bitcoin so far, has withdrawn approximately 5800 BTC from its own wallet and transferred it to exchanges and market makers.

On-chain data shows that 5853 Bitcoin worth $340 million were sent to an address linked to Kraken, Coinbase, Flow Traders, Cumberland, and B2C2.

The German state currently holds 18,000 Bitcoin worth $1.1 billion. It is also noteworthy that the Bitcoin price did not fall after the Germans’ transfers.

Bitcoin is trading around $58,500 at the time of writing. The total amount of BTC seized from the pirate movie site Movie2k in 2020 was 50,000, and the Germans have melted more than half of this Bitcoin so far, mostly this week.

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]]> https://coinengineer.net/blog/germany-continues-to-sell-bitcoin-new-transfer-of-5800-btc/feed/ 0 German Government Offloads Another 1,300 Bitcoin to Major Exchanges https://coinengineer.net/blog/german-government-offloads-another-1300-bitcoin-to-major-exchanges/ https://coinengineer.net/blog/german-government-offloads-another-1300-bitcoin-to-major-exchanges/#respond Thu, 04 Jul 2024 18:00:45 +0000 https://coinengineer.io/?p=24351 The German government has continued its streak of selling seized Bitcoin, offloading another 1,300 BTC to major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. This news comes amidst a recent downturn in the Bitcoin price, raising concerns of a potential market impact. Details of the Bitcoin Liquidation Total Amount Sold: 1,300 BTC (approximately $76.5 million based

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]]> The German government has continued its streak of selling seized Bitcoin, offloading another 1,300 BTC to major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. This news comes amidst a recent downturn in the Bitcoin price, raising concerns of a potential market impact.

Details of the Bitcoin Liquidation

Total Amount Sold: 1,300 BTC (approximately $76.5 million based on current market value)

Exchange Breakdown:

Bitstamp: 500 BTC ($29.95 million)

Coinbase: 400 BTC ($23.24 million)

Kraken: 400 BTC ($23.24 million)

Bitcoin Price Dip: The Bitcoin price fell below $58,000 shortly after the news of the sale.

Adding to the intrigue, the German government also transferred a separate 1,700 BTC (approximately $98.76 million) to an unknown wallet. This move sparks speculation of a potential further selloff, as similar transfers preceded previous exchange dumps.

With this latest sale, the German government has now liquidated nearly 10,000 BTC, bringing its total holdings down to approximately 40,359 BTC (valued at $2.32 billion).

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