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Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how…

Continue ReadingResearch Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

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

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…

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

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…

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

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

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…

Continue ReadingGlassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

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

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…

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

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

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…

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