By now, the German government has sold so much Bitcoin that they now have less than 6,400 BTC left. While Germany is selling its Bitcoin, El Salvador is buying, thus increasing its BTC reserves to a much larger amount than Germany's.

A total of 21,180 BTC were traded in Germany over the past few days. The fact that the price of BTC has not dropped below $50,000 demonstrates the faith of the entire crypto community in Bitcoin. In fact, many are buying the dip on numbers like Justin Sun, who volunteered to directly buy the remaining BTC supply in Germany.

Germany held more than $1 billion in Bitcoin reserves and transferred almost all of it through exchanges such as Kraken, Coinbase and Bitstamp.

Experts note that most of the German BTC was obtained through confiscated funds and they never actually invested in the asset. Between the sales, Germany bought $111 million worth of Bitcoin when a German representative called on them to stop the sale. However, today they are back to selling their BTC reserves.

However, as traders increasingly recover from the FUD they begin to buy and hold. A quick buyback was expected, and the price of Bitcoin soon entered a recovery phase. This is why the market remains stable despite the ongoing sale of Bitcoin by the German government.