Bitcoin is just a step away from the German government's average selling price, with $57,900 potentially becoming a key 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 falls about 6% from its current level, the price will drop to near the German government's average selling price. This means Bitcoin is gradually approaching the cost range during the large-scale sell-off by sovereign institutions. Therefore, against the backdrop of significant liquidation pressure in the market this week, the $57,900 level warrants close attention. Since government institutional selling is often non-discretionary and price-insensitive, this level could become an important reference range for the market to assess supply-demand dynamics and future trends.