The German government raided a half-gold mountain, and blockchain eyes are sharper than law enforcement!"
【Plain language interpretation】
In simple terms, blockchain analysis company Arkham recently uncovered a big scoop: the German police seized 50,000 bitcoins from the pirated website Movie2K earlier this year (worth $2.9 billion at the time), but surprisingly, they did not discover that this group also had another 45,000 bitcoins hidden (now worth $5 billion)! These coins have been sitting idle in hundreds of wallets since 2019, most likely still in the hands of the original owners. The German government not only failed to find them but also completely ignored this issue when selling the coins.
【Market Impact & Personal Opinion】
Potential selling pressure shadow: If this batch of coins suddenly enters the market, it would be akin to an increase in selling pressure similar to a 'mini version of the MenTouGou incident', which would definitely be frightening in the short term. But rationally speaking, since the owners of these coins are fugitives, would they dare to move? How would they move? These are all questions. It is highly likely they will sell in batches slowly, rather than directly crashing the market.
On-chain transparency hitting traditional law enforcement hard: The German government conducted a lonely raid, while it was the blockchain analysis company that uncovered the truth. This indicates that the 'anonymity' of cryptocurrencies is actually a false proposition, and the future battle between regulation and on-chain investigation will become more intense.
Market reaction may be excessive: When the news first broke, the market might panic, but in the long run, it actually proves that the transparency of blockchain data is the real 'trump card'—dirty money has nowhere to hide, which is beneficial for the compliance process.
If $5 billion of black coins suddenly awaken, will the market tremble or remain calm? Pay attention to ShenCe, and we will monitor every move of the on-chain whales! #非农就业数据来袭
