According to @ai_9684xtpa, Arkham Intelligence identified about 45,000 BTC allegedly not seized by German authorities in the Movie2K case, flagging a potential supply overhang that BTC traders should monitor (source: @ai_9684xtpa). Officially, the Saxony State Criminal Police Office reported in January 2024 that 50,000 BTC tied to Movie2K were transferred to the state via a voluntary handover, marking Germany’s largest crypto seizure to date (source: LKA Sachsen 2024 press release). Traders can track Arkham-labeled German Government BTC wallets for large transfers to exchanges, which are commonly used as early signals of sell pressure and intraday volatility in BTC markets (source: Arkham Intelligence wallet labels and alerts). The author also notes the criminal case remained unresolved into 2024, suggesting legal developments could influence the timing of any asset disposition by authorities or related parties (source: @ai_9684xtpa).

According to @KookCapitalLLC, recent and potential Bitcoin (BTC) sales by governments could be a strong contrarian bullish indicator. The analyst draws a parallel to three years prior when Tesla and Elon Musk sold at what was considered the market bottom. Citing Germany's recent sale of its Bitcoin holdings and the UK's consideration of selling BTC to cover its deficit, @KookCapitalLLC suggests that when major entities like countries are forced to sell, it often signals that a price bottom is in or near, presenting a potential buying opportunity for traders.

According to @lookonchain, the Royal Government of Bhutan deposited 100.215 BTC, valued at approximately $11.83 million, to the Binance exchange. This transaction adds to Bhutan's recent selling activity, which includes the sale of 2,262 BTC for $200.46 million over the past year, executed in six batches at an average price of $88,612 per BTC. Despite these sales, the government's remaining holdings are substantial, with 11,611 BTC worth an estimated $1.37 billion. This deposit to a major exchange could signal intent to sell, potentially introducing selling pressure into the market that traders should monitor.