According to relevant media, on January 9, the U.S. government has been authorized to liquidate nearly $6.5 billion worth of 69,300 bitcoins. Market participants believe that if the $6.5 billion worth of bitcoins are sold, the market may face another downturn, and investors may grow weary of investing in bitcoin and other risk assets.

Since the second half of 2024, bitcoin prices have shown a strong upward momentum, with a faster influx of market funds and a significant increase in trading volume. On December 5, 2024, the price of a single bitcoin first surged to $100,000, reaching a high of $108,366.8.