Ramazan Eles 
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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