Data: The German government has sold BTC worth $376 million in the past 16 hours

ChainCatcher news, according to Spot On Chain monitoring, in the past 16 hours, the German government address has once again sold Bitcoin worth $376 million, including:

• Sold 10,627 Bitcoins (worth $616 million) at an average price of $57,976;
• Recovered 4,169 Bitcoins (worth $240 million) at an average price of $57,469.

Currently, the German government address has only 9,094 BTC (worth $520 million) left, which is about 18% of the initial amount. At this rate, it may sell all its Bitcoins in the next 1-2 days.