German authorities have sold 10,567 BTC worth $600 million, causing an 18% drop in Bitcoin’s price over the past month. This sell-off, along with actions from Mt. Gox and Genesis Trading, has contributed to the decline. As of July 11, German authorities hold 4,925 BTC valued at $285 million, down from 50,000 BTC worth $3 billion three weeks ago. The BTC was transferred to exchanges like Bitstamp, Coinbase, and Kraken. The German Federal Criminal Police Office seized the BTC from operators of Movie2k.to in 2013. Tron founder Justin Sun proposed to buy the country’s BTC. Mt. Gox is repaying creditors with over 140,000 BTC, 143,000 Bitcoin Cash, and 69 billion Japanese yen. Analysts fear increased supply could lead to price drops as creditors sell off holdings. Genesis Trading has also been selling BTC, adding to market pressure. The combined activities from Mt. Gox, Genesis Trading, and German authorities have worsened Bitcoin’s price decline.