Germanys Government Once Again Takes Over Bitcoin Will It Affect the Price

On the 25th of 900, the German government’s wallet sold over 25 bitcoins in three separate transactions.
The first transaction, consisting of 200 BTC, was sent to the Kraken exchange, while another 200 BTC were transferred to Coinbase. The third transaction, involving 500 BTC, was directed to an unknown wallet identified as “139bao”. The total value of the transferred tokens amounts to approximately $54 million.
Although the wallet “139bao” remains unidentified, the German government has previously interacted with it. They sent 800 BTC to this address on June 20th and another 500 BTC on June 19th.
Following these recent transfers, the wallet still holds 46,359 BTC, according to data from Arkham Intelligence.
Despite the sale by the German government, other major investors are buying during price dips.
On June 20th, MicroStrategy, led by Michael Saylor, announced the purchase of an additional 11,931 BTC, using the proceeds from convertible bonds worth $800 million.
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Could these transfers push Bitcoin below the $60,000 threshold?
The government-marked wallet, containing over $2.843 billion in BTC, is believed by many to have the potential to exert significant selling pressure, potentially lowering the price of Bitcoin below the critical threshold of $60,000 again.
This contrasting behavior highlights the diverse strategies and levels of trust among different types of participants within the cryptocurrency market.