The German Government has sent the final portion of their 3,846.05 BTC to Flow Traders and 139Po. Three weeks earlier, the government held 50,000 BTC valued at about $3 billion.
Subsequently, they began selling off the asset, leading to an approximately 18% correction in BTC value. The Bitcoin was obtained by the BKA in mid-January following a “voluntary transfer” from the suspects.
Mt. Gox is currently repaying its creditors with more than 140,000 BTC, 143,000 Bitcoin Cash, and 69 billion Japanese yen.
Genesis Trading has also been actively liquidating assets, thereby increasing the selling pressure.
