The German Federal Criminal Police Office (BKA) moved roughly $75 million worth of Bitcoin to exchanges on July 4th, with a total of $390 million offloaded since mid-June.
The U.S. government's selling of Bitcoin reserves from criminal cases raises concerns about potential impacts on the market, similar to Germany's actions.
Creditor repayments from Mt. Gox's 2014 collapse, combined with the steady flow of government Bitcoin liquidations, are feared to exacerbate selling pressure on Bitcoin.
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