Bitcoin news: Germany's selling is over, BKA receiving 'tainted' sats // -60% tor nodes

10 months ago (Edited)

Germany's Bitcoin Sell-Off Over

From 40K BTC at the start of the week to 0.005 BTC at the time of writing, Germany's BKA has been selling off all of the 50K BTC seized during criminal investigations.

That's one.
MT.Gox to go and up we go again.

These on-chain activities raise several questions:

•Interestingly, they also withdrew BTC from CEX after causing market turbulence, often following a price drop. This might indicate a realization that spot selling was not a good idea, prompting a shift to OTC sales. This seems plausible given the transfer of funds to Flow Traders and Cumberland, which usually handle OTC deals.
•However, the continued movement of funds to and from CEX suggests either an intent to create market panic or internal operational disorganization within the German government's departments handling the sell-off.