China Secretly Selling Bitcoin? Analyst Warns of Price Crash to $40K
Coinpedia | 21h ago
A recent analysis has stirred up serious concern in the crypto world: China could be quietly offloading its massive Bitcoin reserves, potentially triggering a price crash to $40,000.
China Holds One of the Largest BTC Reserves
Currently, China holds an estimated 194,000 BTC, making it the second-largest holder after the United States, which has over 207,000 BTC. However, unlike the U.S., China lacks a formal policy on how to manage these assets—most of which were seized from criminal activity such as scams, money laundering, and illegal gambling.
Analyst Claims Secret Sell-Off Strategy in Play
Crypto analyst Leviathan has raised alarms, claiming that China is covertly selling Bitcoin through overseas exchanges. In a bold post on social media, he warned that China has already liquidated $400 million worth of BTC and may be just getting started. If the sell-off continues, he believes it could drag Bitcoin prices down to $40K.
