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

According to Arkham monitoring, the German government has previously sold a total of 49,858 Bitcoin, 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 selling by sovereign institutions. Therefore, as the market faces greater liquidation pressure this week, the area around $57,900 deserves close attention. Since government institutional selling is typically non-discretionary and price-insensitive, this price level may serve as an important reference range for the market to assess supply-demand dynamics and subsequent trends.