Bitcoin market fluctuates, the number held by multiple governments exposed

Recently, the cryptocurrency market has experienced a significant decline. There have been transfer movements in Bitcoin addresses held by several national governments, attracting market attention. Meanwhile, large investors are taking action to respond to market changes.

According to data, the U.S. government currently holds approximately 213,000 Bitcoins, worth about $11.5 billion at current prices. In addition, the U.S. government also holds 50,000 Ethereum, worth about $1.45 billion.

The German government's Bitcoin holdings should not be underestimated, amounting to approximately 42,000 coins, valued at about $2.3 billion.

Another notable holder is a well-known exchange, which has a Bitcoin reserve of up to 141,600 coins, valued at approximately 7.69 billion USD.

As the market fluctuates, many large investors are taking measures to reduce risk exposure. Analysis shows that a large investor transferred approximately 20,800 Ethereum to a trading platform in just 3 hours, valued at about $59 million.

On-chain analysis experts pointed out that this investor previously mortgaged about 53,000 Ether on a decentralized lending platform, borrowing $107.8 million in stablecoins. As the price of Ether has fallen, the health of their lending position has dropped to 1.15. If the price of Ether further declines to around $2,526, this position will face liquidation risk. To avoid this situation, the investor chose to sell part of their Ether to repay the loan and reduce leverage.

In the current market environment, many large investors and institutions are actively adjusting their strategies, reducing leverage and positions to cope with potential further market fluctuations.