German Government Executes MultiMillion Dollar Bitcoin Transaction

According to the information provided by the online analysis company Arkham, the German government has recently stopped transferring Bitcoin (BTC) from wallets labeled “German Government (BKA)”.
The wallet transfer is about 547.5 BTC, with a valuation of approximately $3.009 million for Flow Traders, and a remaining balance of approximately 41,226 BTC after the transaction.
Flow Traders is a proprietary trading company. It acts as a market maker, providing liquidity to the securities market through high-frequency, quantitative trading strategies.
According to Arkham, these funds are likely to originate from the assets of movie2k, just as the Saxony police in Germany discovered earlier this year, confiscating 50,000 BTC from the operator of a piracy website.
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After Mt.Gox transferred $54 billion worth of BTC, the price of Bitcoin fell below $2.7.
Yesterday, another 1,300 BTC was transferred to major cryptocurrency exchanges such as Kraken, Bitstamp, and Coinbase. Similar transfers have been happening throughout the week.
Despite the recent actions of the German government, the intentions of Mt.Gox creditors, and the impact of the decline in Bitcoin prices, the market has shown a bearish trend. Billionaire entrepreneur Sun Yuchen has still proposed an interesting suggestion.
That expression is willing to purchase Bitcoin held by the German government through over-the-counter trading to alleviate the negative impact on the Bitcoin (BTC) market.