📣News Flash! The "German Government (BKA)" crypto wallet has sold another $900 million worth of Bitcoin, causing a bit of a stir in the market. This marks its largest single-day Bitcoin liquidation, with major transactions to Bitstamp, Coinbase, Kraken, Flow Traders, and Cumberland DRW.

Post these transfers, Bitcoin prices took a nosedive during the European trading session, triggering massive liquidations across the crypto market. But don't worry, Bitcoin seems to have found a sturdy support at the $54,700 mark.

In other news, the long-awaited repayment process for the creditors of the defunct crypto exchange Mt. Gox has begun, adding to the Bitcoin selling pressure.

Despite these developments, market participants remain optimistic, expecting Bitcoin prices to climb again once the selling pressure cools off. At the time of publication, Bitcoin was trading at $56,433, down 1.52% over the last 24 hours. Keep calm and HODL on! 😎