According to @KookCapitalLLC, Germany executed a major Bitcoin (BTC) sale at the $57,000 price level, liquidating its holdings in exchange for euros. This event is notable for traders as it coincided with a local price bottom, potentially signaling a market overreaction or capitulation that could offer buying opportunities for crypto investors. The decision to convert BTC into euros, a fiat currency subject to inflation and central bank control, has sparked debate in the crypto community about long-term value retention and market timing. Traders are watching closely for potential rebounds in BTC price following this large-scale government selloff, as such events often precede significant market volatility and can impact future resistance and support levels. (Source: @KookCapitalLLC, Twitter, June 11, 2025)