🚨 Bitcoin News: U.S. to Sell $6.5B in $BTC — Will It Crash the Market? 🚀
The U.S. DOJ is set to auction $6.5 billion worth of Bitcoin seized from Silk Road, raising concerns about its market impact. The government currently holds 198,000 BTC, valued at $18.5B, sparking speculation of political motives as the Biden administration may sell before Trump takes office.
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📉 Will BTC Prices Crash?
BTC dipped 2.78% after the news but recovered quickly.
Historical auctions had minimal long-term impact. Despite selling 38,000 BTC since 2023, Bitcoin surged 375% in the same period.
Key Insight: Auctions by U.S. Marshals prevent large-scale exchange sell-offs, minimizing disruptions.
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📊 Market Resilience
Absorption Capacity: CryptoQuant CEO notes the market can handle $6.5B in sales within a week.
Missed Gains: The U.S. sold 195,092 BTC for $366M—now worth $18.25B!
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🔮 Outlook for BTC
Short-term volatility is possible, but strong demand and pro-Bitcoin policies under Trump signal optimism.
💬 Is this a crash or a buying opportunity?
