US Government Sells 50,000 Seized BTC—Market Tanks

The U.S. government has offloaded over 50,000 seized Bitcoins $BTC on the open market, causing BTC to plunge 9% within minutes. The coins, tied to Silk Road and other criminal seizures, were auctioned off without warning. This stealthy dump blindsided institutional investors, many calling for regulated disclosures of government holdings. Traders fled to stablecoins like $USDT and $USDC , causing sudden volatility in decentralized exchanges. Some speculate this is a test-run for future sell-offs of Mt. Gox holdings. If true, another 100,000 BTC could hit the market, triggering the next major crash.