The German government has sold a total of 376 million dollars worth of Bitcoin in the past 16 hours

According to Spot On Chain monitoring, in the past 16 hours, the German government address has once again sold $376 million worth of Bitcoin at an average price of $57,976 per Bitcoin for a total of 10,627 Bitcoins ($616 million), and bought back 4,169 Bitcoins ($240 million) at an average price of $57,469. Currently, there are only 9,094 BTCs (worth $520 million) left in the German government's address which is about 18% of its original amount. At this rate, it may sell all its bitcoins within the next one or two days.