Bitcoin Price Could Plunge to $40K Amid Rumors of Secret Sell-Off by China

Coinpedia | 21h ago

A recent warning from crypto analyst Leviathan has stirred concern in the digital asset community: Bitcoin could crash to $40,000, and China might be the reason behind it.

Currently the second-largest holder of Bitcoin—trailing only the United States—China reportedly controls around 194,000 BTC. However, unlike the U.S., China has not established a transparent policy for managing its crypto reserves.

Leviathan suggests that Beijing could be quietly offloading its holdings through a covert “shadow liquidation” strategy. If true, this behind-the-scenes selling pressure could heavily impact the market, triggering a steep price drop.

It’s important to note that China’s Bitcoin holdings largely stem from seized assets in criminal investigations, not from direct investment. Despite being an economic powerhouse, China maintains a strict anti-crypto stance, with trading banned on the mainland.

Is China really selling off its Bitcoin stash? The market may find out soon enough.$BTC