TechFlow reported on July 8 that, according to Arkham data, a wallet address labeled "German Government" transferred 3,500 BTC—worth approximately $200 million—to market maker Flow Traders 10 minutes ago. It currently holds 28,988 BTC (worth $1.66 billion).

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![In-depth Analysis of Trade[XYZ]: How Were 92 Markets and 98% HIP-3 Trading Volume Established?](https://upload.techflowpost.com/upload/images/20260716/20260716061117965147.jpeg?x-oss-process=image/resize,p_50/quality,q_80)
