According to @KookCapitalLLC, Germany sold all of its Bitcoin holdings at a price of $54,000 per BTC, as reported on May 22, 2025 (source: https://twitter.com/KookCapitalLLC/status/1925480285128323197). This liquidation event is significant for traders because large-scale state sell-offs typically increase market volatility and can trigger short-term price declines or instability in the broader cryptocurrency market. Investors should closely monitor trading volumes and order book depth around the $54,000 level, as this price point may now serve as a critical reference for future resistance or support. The move also underscores how government holdings and their sale strategies can directly influence crypto market sentiment and liquidity.