Bitcoin’s Bearish Trend Continues: German Government Sells More BTC, Market Reacts

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The German government continued Bitcoin selloff with 547.44 BTC transfer to Flow Traders.
Bitcoin plunged to $53,550, marking a new post-halving low.
Long-term holders see crashing prices as an opportunity to buy at lower prices.

Bitcoin’s price has plummeted to new lows not seen since its 2024 halving, fueled by persistent selling pressure, including a significant selloff by the German government. This latest decline has heightened concerns within the crypto market and raised questions on the government’s strategy even as analysts closely monitor the cascading effects onto altcoins.

Arkham Intelligence reported on the government moving 547.44 BTC to market maker Flow Traders on Friday, leaving a wallet balance of 41,000 BTC valued at $2.27 billion.

Coin Edition’s report on the German government’s serial Bitcoin selloff raised awareness among crypto users, raising questions about the government’s real motives adding further pressure to declining crypto prices.

This bearish pressure has significantly impacted Bitcoin, causing the flagship crypto to drop to new post-halving lows. Bitcoin’s…

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