No Bitcoin Left in German Government's Reserve

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Germany has relinquished all Bitcoin to its name, and Bitcoin Twitter is mocking the government for its decision.

Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end.

The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling that a local bottom is near.


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