#Binance
Analysis of the Impact of the Sale of 69,000 Bitcoins by the US Government
The sale of 69,000 Bitcoins by the US government could have significant effects on the market.
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1. Total Supply of Bitcoin
Maximum Supply: 21,000,000 BTC
Mined Bitcoins (January 2025): 19,500,000 BTC
Active Bitcoins: About 15,000,000 BTC
69,000 BTC corresponds to 0.46% of the total supply and 0.65% of active Bitcoins.
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2. Impact of Supply and Demand
The Bitcoin price depends on supply and demand:
A sudden increase in supply could lower prices by 5-10%.
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3. Sale Value and Market Volume
Sale Value: 6.3 billion USD (at 91,400 USD/BTC)
Daily Trading Volume: ~20 billion USD
This sale corresponds to 31.5% of the daily trading volume and creates selling pressure.
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4. Sales Strategy and Impact
A gradual sale reduces short-term impacts and gives the market time to absorb the supply.
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Conclusion:
Short-term: Price drop of 5-10% with sudden sale.
Long-term: Minor impacts with gradual sale.
Survey:
Do you believe that this sale will have long-term effects on the Bitcoin price?
Yes
No
No opinion
