###########Bitcoin's price is under threat of dropping to $50,000 due to two major factors. ############Firstly, the Mt. Gox bankruptcy estate has transferred a massive amount of Bitcoin to an unknown wallet, sparking concerns about a potential flood of supply in the market. This comes as repayments from Mt. Gox are expected to start this month, with approximately 142,000 BTC and 143,000 Bitcoin Cash set to be disbursed.

Secondly, the German government's seizure of nearly 50,000 BTC from illegal streaming site (link unavailable) in 2020 has raised concerns about a potential sell-off. Already, 1,300 BTC worth $75.5 million has been sent to various exchanges, including Bitstamp, Coinbase, and Kraken, further fueling worries about a price drop.

According to Pav Hundal, lead market analyst at Swyftx, July would need to be an extraordinary month for Bitcoin's price to withstand the pressure of this incoming supply.

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