HomeEthereum UpdatesTracking Bitcoin Whale Activity: Germany's $3 Billion BTC Holdings in Focus

Tracking Bitcoin Whale Activity: Germany’s $3 Billion BTC Holdings in Focus

Published on


Bitcoin Whale Activity Surges as Germany Deposits $110 Million Worth of Bitcoin

The Bitcoin whale activity has been on the rise in recent weeks, with Germany’s government making a significant move by depositing nearly 1,700 Bitcoins worth $110 million to three different crypto exchanges. This move comes as part of a larger trend of offloading Bitcoin holdings, with Germany currently holding a staggering $3 billion worth of Bitcoin.

Despite selling off 3,000 BTC recently, Germany still holds a substantial amount of Bitcoin, making it the fourth-largest holder of the cryptocurrency after the US, China, and the United Kingdom. The recent sell-off from the German government, coupled with outflows from spot Bitcoin ETFs, has put pressure on the BTC price, causing it to slip under $65,000.

While Germany is selling off its stake, other Bitcoin whales are taking advantage of the dip in price to make significant purchases. MicroStrategy, led by Michael Saylor, announced the purchase of 11,931 Bitcoin, while another whale bought over 6,500 Bitcoins worth $430 million in a single transaction.

This tug-of-war between selling pressure from governments and buying pressure from whales highlights the volatility of the cryptocurrency market. With Bitcoin miner capitulation potentially delaying price recovery, the summer ahead could bring further uncertainty for Bitcoin investors.

Latest articles

Today’s Chiliz Price Prediction and Technical Analysis for June 9

Chiliz Price Prediction and Analysis: Is It Time to Buy CHZ? Analyst Targets...

BlockDAG Surpasses APT and Ethereum ATH Predictions on CoinSniper

BlockDAG Emerges as Top Contender in Cryptocurrency Market BlockDAG Emerges as a Rising Star...

Three DeFi Tokens Set to Surge by 3,000%

Top DeFi Tokens to Watch: RCO Finance (RCOF), Jupiter (JUP), and THORChain (RUNE) The...

Top 3 Monero (XMR) Casinos for 2024

Top 3 Monero Casinos to Visit in 2024 for Anonymous Online Gambling In the...

More like this

Today’s Chiliz Price Prediction and Technical Analysis for June 9

Chiliz Price Prediction and Analysis: Is It Time to Buy CHZ? Analyst Targets...

BlockDAG Surpasses APT and Ethereum ATH Predictions on CoinSniper

BlockDAG Emerges as Top Contender in Cryptocurrency Market BlockDAG Emerges as a Rising Star...

Three DeFi Tokens Set to Surge by 3,000%

Top DeFi Tokens to Watch: RCO Finance (RCOF), Jupiter (JUP), and THORChain (RUNE) The...
bitcoin
Bitcoin (BTC) $ 113,569.43
ethereum
Ethereum (ETH) $ 4,102.73
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,104.85
xrp
XRP (XRP) $ 2.52
solana
Solana (SOL) $ 196.56
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,097.28
dogecoin
Dogecoin (DOGE) $ 0.204181
tron
TRON (TRX) $ 0.325154