According to Wu Blockchain, Hupzy cited Arkham on-chain data, reporting that wallets associated with the German government previously sold 49,858 BTC for approximately $2.89 billion, with an average sale price of around $57,900. Hupzy believes that if BTC drops about 6% from its current level, the price will fall below the average sale price of the German government-associated wallets, potentially becoming a psychological reference point for the market. Conversely, if BTC rebounds near this level, it could face renewed selling pressure expectations. https://(wublock123.com)/news/bitcoin-nears-german-government-average-sale-price-57900-62354