Over the last week, we have been seeing the German government constantly liquidating their Bitcoin holdings through popular exchanges like Coinbase and Kraken. On Wednesday, June 26, the U.S. government joined the bandwagon moving a total of 4,000 Bitcoins to Coinbase Prime. Soon after, the Bitcoin price came under selling pressure dropping by 1.5% and slipping under $61,000. However, CryptoQuant’s CEO stated that the current selling by the governments is plain FUD and not the real reason behind the BTC price drop.
