If this news is true – the UK Home Office is about to release 61,000
$BTC worth approximately 7 billion USD – then this is a huge event for the Bitcoin market. Let’s quickly analyze and... have some fun:
📉 1. Huge selling pressure
61,000 BTC is a very large number, equivalent to about 3% of the total circulating supply (21 million BTC total supply, but more than 1/3 has already "lost its keys").
If it is released en masse to the exchange → huge selling pressure, especially while the price is around its peak → the market could correct sharply.
📊 2. Market sentiment of "shaky hands"
News like this makes sharks scared, small fish panic sell, and FOMO fish turn red-faced.
Even if not immediately released, the fear of being sold off makes it easy for prices to be taken for profit early.
🤑 3. BTC price scenario?
Short term: The price may adjust to the nearest support zone, for example, 117,000–114,000 USD if the selling pressure is confirmed.
Medium term: If the market absorbs well (whales, ETFs, countries accumulating), the price may recover quickly → opportunity to “buy the dip.”
Long term: Still bullish if this news does not repeat like... the US + UK + EU all liquidating their BTC stocks 🤯
🐸 Humorous lesson learned
If BTC is dumped by the government, traders need to bring... heart medication.
And remember: When the state dumps its holdings, don’t be the last one to light the candle.
#bitcoindump #BTCAlert #CryptoNews #MarketShakeup #DipOrRip