Bitcoin is just one step away from the German government’s average selling price, with $57,900 potentially becoming a key levelAccording to Odaily, data from Arkham shows that the German government has sold a total of 49,858 Bitcoin so far, with an average selling price of approximately $57,900. If Bitcoin falls about 6% from its current level, the price will drop near the German government’s average selling price, meaning Bitcoin is gradually approaching the cost range of large-scale sales by sovereign institutions. Therefore, amid significant liquidation pressure in the market this week, the $57,900 level deserves close attention. Since government agency sales are typically non-discretionary and price-insensitive, this price point could serve as an important reference range for the market to assess supply and demand dynamics and future trends.
