German government address may have sold 12,366 BTC in the past 24 hours, equivalent to about $708.8 million

Odaily News According to Lookonchain monitoring, in the past 24 hours, the German government address transferred out 16,039 BTC (about $915.3 million) and received 3,673 BTC (about $206.5 million). The German government address may have sold 12,366 BTC (about $708.8 million) and currently holds 27,461 BTC (about $1.55 billion). Earlier news, according to Arkham monitoring, the German government address received a total of 3,673 bitcoins (worth more than $200 million) early this morning, of which 3,623 bitcoins came from Coinbase, Kraken and Bitstamp, and 50 bitcoins came from addresses starting with bc1qxw. Steven Zheng, head of research at The Block, said that these exchanges are likely to return bitcoins to the German government address because they were unable to sell their bitcoins within the target price range.