According to Crypto Rover, Germany sold 49,858 BTC at an average price of $57,900 in July 2024, which would now be worth approximately $5.24 billion at current market prices. By selling early, Germany missed out on $2.3 billion in potential profits, as noted by Crypto Rover on Twitter. This significant missed gain highlights the risks of government-led crypto liquidations and could influence institutional strategies, potentially increasing cautious accumulation and holding behaviors among major market participants. Source: Crypto Rover Twitter (May 21, 2025).