#Bitcoin just reached ATH ~ $124.5k but shortly after plunged below $119k (+ pressure from hot PPI), when Finance Minister Scott Bessent announced the government would not buy more Bitcoin for strategic reserves despite Trump having mentioned the idea earlier.
Important: Subsequently, Bessent further explained that the government could still continue to expand its Bitcoin reserves through a 'budget-neutral' method (not using taxpayer budget).
What does this mean?
Not really 'not buying' forever – just not using the budget directly, but can still buy through neutral financial mechanisms (e.g., swap assets).
The 'halt in selling seized Bitcoin' is a positive signal, reducing supply held by the government → could create a price support foundation.
Currently, there are no signs of withdrawals, the ETF flow (especially ETH) remains strong, #Altseason still has many bright spots.
What impact does it have on the crypto market?
Short term:
News causes BTC to adjust sharply, investors need to be cautious if approaching the 119k–120k range.
Medium – long term:
The government holding coins and may also buy more through budget-neutral is a sign that Bitcoin still has a strategic foothold.
Thus, increasing confidence in altcoins – when BTC holds this range, ETF cash flow (ETH), top altcoins like BNB, SUI, ENA may receive upward momentum.
Caution: News may be misinterpreted (such as 'NOT BUYING = not believing in Bitcoin'), need to wait for confirmation of actual actions (if there are further buying mechanisms). Conclusion for investments in a macro logical direction, 'clever moon-boy', not just chasing peaks.
What opportunities are there for you?
$BTC : Not used for selling, hold reserves and may buy more indirectly → a signal to maintain price stability and potential increase in the long run.
$ETH : The ETF cash flow remains strong, with additional motivation from the action of holding BTC helping to reinforce confidence in altcoins, especially Ethereum.
$SOL : It is the coin mentioned in the previous national reserve strategy, with grounds to come back on the radar when the altseason truly erupts.
The US has paused purchases using the budget but still holds BTC and considers a 'budget-neutral' option, meaning cash flow into crypto is still there, just waiting for the right moment to bring good news for new flows. If you're betting on altseason, keep following.
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