According to Lookonchain, the German government sold 49,858 BTC, worth $2.87 billion, at an average price of $57,600 between June 19 and July 12, 2024. With Bitcoin now approaching its all-time high, these coins are currently valued at $5.33 billion, indicating a missed profit of $2.46 billion (source: Lookonchain, May 21, 2025). This large-scale government liquidation initially added selling pressure to BTC markets, but the rapid recovery and price surge suggest robust institutional and retail demand, signaling potential bullish momentum for traders as market sentiment remains positive.