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Bitcoin Just a stone's throw away from the German government's average selling price, $57,900 could prove to be a key price point
Svmuu News: According to Arkham’s 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 by approximately 6% from current levels, the price will drop to near the German government’s average selling price. This implies that Bitcoin is gradually approaching the cost range associated with large-scale sell-offs by sovereign entities.Therefore, against the backdrop of significant liquidation pressure in the market this week, the $57,900 level warrants close attention. Since government sales are typically non-discretionary and price-insensitive, this price point may serve as a key reference range for the market to assess supply-demand dynamics and future price trends.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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