🚨 tracking it on-chain – here's what I found.


🇬🇧💼 The British Are Selling… Bitcoin?

In late June, the UK government quietly sold 61,000 BTC – worth over $1.7 BILLION – in just a few days.

No official announcements.

No press headlines.

Just massive, ghost-like transactions sliding across the blockchain.

But I saw it.

🧠 I spent 100+ hours tracking every satoshi.

And what I found?

It’s one of the biggest state-led BTC liquidations in crypto history.

🧩 The First Clue: A 10,000 BTC Ghost Transfer

It started with a rumble.

On June 24, 08:15 UTC, a 10,000 BTC transaction moved out of a dormant wallet tagged as UK government–controlled.

No movement for months… then suddenly:


🟡 10,000 BTC ➝ Unknown cold wallet

Price dipped 1.2% in 30 minutes.

Then more followed.

5,000 BTC ➝ Binance.

8,000 BTC ➝ Obfuscated wallet.

12,500 BTC ➝ Coinbase Pro.

25,500 BTC ➝ OTC desks & other exchanges.

Every transaction was calculated, timed, and surgical.


🧠 My On-Chain Sleuth Setup

Tracking 61,000 BTC wasn't just about watching Etherscan. Here's what I used:

Tool 🧰Purpose 📌Wallet clusteringGrouped addresses by ownershipTransaction graphsMapped BTC flow across walletsCustom scriptsParsed timestamp & volume patternsExchange monitoringWatched listings tied to wallet flowsSentiment toolsMeasured trader response in real time

The rabbit hole was deep... and fascinating.

🌀 Enter: “The Roundabout” Wallet

One strange wallet acted like a highway roundabout — receiving BTC and redistributing it to multiple exchanges.


🕵️‍♂️ Likely tied to a custodian or obfuscation service.

Handled nearly 20% of the UK’s BTC.

🧩 This wasn’t random selling. It was engineered to avoid flash crashes while still liquidating fast.


📉 Price Action & Market Shockwaves

⏰ Time (UTC)💰 BTC Volume📤 Destination📉 Price ReactionJun 24 – 08:1510,000Cold wallet🔻 –1.2% in 30 minsJun 24 – 14:425,000Binance🔻 –0.8% in 15 minsJun 25 – 03:078,000"Roundabout" Wallet📉 Mild dip, fast reboundJun 25 – 16:3012,500Coinbase Pro🚨 –1.5%, quick recoveryJun 26 – 11:5025,500OTC + Exchanges🩸 –2.3% daily low hit

The market stumbled.

📉 Altcoins bled.

📊 Bitcoin dominance surged.

🧠 Traders panicked, bots went wild, and order books thinned.


🕵️‍♂️ What I Discovered

  • 🧠 Strategic Drip Selling: Spread over 48 hours to avoid shocking the market.

  • 💼 Use of Custodians: Likely partnered with OTC desks + custodians to obfuscate volume.

  • 📉 Price Suppression: Short-term pressure caused longer-lasting market fear.

  • 🔄 No Recovery Narrative: Retail had no idea where the coins were going.

And yet, it was all visible... on-chain.


🔮 What This Means for Bitcoin

This isn’t just a story about the UK.

It’s a blueprint for future state-level BTC liquidations — and a warning.


✅ The blockchain tells no lies.

❌ But if you’re not watching, you’ll miss it.

Here’s what’s next:

  • 🏦 Governments will sell more BTC quietly.

  • 🧠 Smart traders will follow the wallets, not just charts.

  • 🛠️ On-chain tools are your alpha.

    🚀 Final Take

In a world of blockchain transparency, every move leaves a trail.

The UK just showed how even governments can’t move stealthily without someone noticing.

I followed it.

🕵️‍♂️ I documented it.

And now you know what 61,000 BTC being sold really looks like.


📢 Your move, whales. I’m watching.