Bitcoin is just one step away from the German government's average selling price, with $57,900 potentially becoming a key price level

Odaily Planet Daily News According to Arkham monitoring, the German government has previously sold a total of 49,858 Bitcoins, with an average selling price of approximately $57,900. If Bitcoin were to fall about 6% from its current level, the price would approach the German government's average selling price range. This means Bitcoin is gradually approaching the cost range of massive sovereign institutional sales. Therefore, against the backdrop of significant market liquidation pressure this week, the vicinity of $57,900 warrants close attention. Due to the typically non-discretionary and price-insensitive nature of government agency sales, this price level could serve as an important reference range for the market to assess supply-demand dynamics and future price trends.