The government's active BTC Address has caused market fluctuations, while whales reduce leverage to manage risks.

As the Bitcoin addresses held by multiple governments show signs of transfer activity, the Crypto Assets market is experiencing a sharp fall. Major on-chain Whales are taking action to try to avoid potential risks.

Currently, the U.S. government still holds about 213,000 Bitcoins, valued at approximately $11.5 billion; as well as 50,000 Ethereum, valued at approximately $1.45 billion. The German government holds about 42,000 Bitcoins, valued at approximately $2.3 billion. Another highly watched Address holds about 141,600 Bitcoins, valued at approximately $7.69 billion.

In this wave of market turbulence, large holders and institutional investors have generally adopted strategies to reduce leverage and decrease positions. In the last 3 hours, a large holder transferred a total of 20,830 Ethereum (worth approximately $59 million) to a trading platform through multiple transactions.

On-chain analysis experts pointed out that this investor has mortgaged approximately 53,000 Ethereum through multiple addresses on a decentralized lending platform, borrowing $107.8 million in stablecoins. As the price of Ethereum rapidly falls, the health rate of their lending position has dropped to 1.15. This means that if the price of Ethereum falls to around $2,526, this position will face liquidation risk. In response to this situation, the investor chose to sell part of their Ethereum to repay the loan and reduce leverage.

In the current market environment, investors generally display a cautious attitude and take measures to cope with potential market fluctuations. This behavior reflects the high sensitivity of the Crypto Assets market and the increasing emphasis on risk management by investors.