From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues

July 11, 2024 Bitcoin.com

Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 […]

Trader Updates Bull Market Outlook, Says Bitcoin Downtrend Now Over After Successful Reclaim of Critical Range

German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins

July 11, 2024 Bitcoin.com

Arkham Intelligence

At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested […]

Trader Updates Bull Market Outlook, Says Bitcoin Downtrend Now Over After Successful Reclaim of Critical Range

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

July 10, 2024 Bitcoin.com

Bitcoin

Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]

Trader Updates Bull Market Outlook, Says Bitcoin Downtrend Now Over After Successful Reclaim of Critical Range

German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

July 10, 2024 Bitcoin.com

Arkham Intelligence

Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers […]

Trader Updates Bull Market Outlook, Says Bitcoin Downtrend Now Over After Successful Reclaim of Critical Range

German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve

July 9, 2024 Bitcoin.com

German Government Sells 0.7M in Bitcoin, Retains .3B Reserve

Arkham Intelligence

According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits […]

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