According to Lookonchain, the German government sold 49,858 BTC between June 19 and July 12, 2024, at an average price of $57,600 per Bitcoin, totaling $2.87 billion (source: medienservice.sachsen.de/news/10). Today, this Bitcoin stash is worth $5.33 billion, resulting in a missed profit of $2.46 billion. This large-scale government sale created significant selling pressure in the crypto market, but Bitcoin's resilience and rapid price recovery now set the stage for a potential breakout above its all-time high. Traders should monitor BTC price action closely, as the market's ability to absorb this supply shock signals strong bullish momentum and could attract renewed institutional interest.