🚨 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.