Bitcoin’s back in the spotlight — but this time, it’s not because of a bull run. Rumors are swirling that China could be stealthily offloading a massive stash of Bitcoin, and if true, it might just send BTC plunging toward $40,000. Market analyst Leviathan has sounded the alarm, claiming that Chinese authorities are quietly selling off their holdings behind closed doors, and it’s already putting serious pressure on the market.
Currently, Bitcoin is holding the line above $84,000, but the fear of a surprise dump is spreading fast among investors worldwide. If China really decides to cash in on its 194,000+ BTC, the fallout could trigger a major shake-up in crypto markets.
Secret Sales in the Shadows
Publicly, China is anti-crypto — but Leviathan suggests the real story is unfolding off the radar. He believes local governments are discreetly liquidating Bitcoin, using private tech firms and offshore platforms to skirt regulations. The goal? Raise funds by selling off seized crypto assets without attracting too much attention.
Even a partial sell-off of China’s holdings could slam the BTC price, shift investor sentiment, and disrupt the current bullish trend.
Hong Kong: The Unexpected Backdoor
Here’s where it gets more interesting. While mainland China maintains a strict anti-crypto stance, Hong Kong is going in the opposite direction — becoming increasingly crypto-friendly. That opens up a potential loophole. Analysts suggest China could be using Hong Kong as a quiet exit point for these BTC transfers. This strange duality — ban it at home, but use nearby regions to cash out — is raising eyebrows, especially as the U.S. discusses creating national crypto reserves.
The next steps from China could play a pivotal role in shaping the future of Bitcoin’s price and the broader crypto narrative
BTC Price Analysis – April 18, 2025
Let’s break down the charts.
On the 5-minute chart, Bitcoin continues to trade within an ascending channel, with clear signs of tug-of-war between bulls and bears. The $85,500 level has become a stubborn ceiling, rejecting multiple breakout attempts. Meanwhile, the $84,000 zone is acting as strong support, with fast recoveries following sharp dips.
The RSI has been bouncing between overbought and oversold, highlighting high-frequency momentum shifts — classic for a market on edge. The MACD has been flashing mixed signals, with golden crosses triggering brief rallies and death crosses leading to periods of consolidation.
At the time of analysis, another golden cross appears to be forming, and the RSI is creeping back above the midline — hinting at fresh bullish momentum, at least for the short term.
What’s Next for Bitcoin?
Bitcoin is caught in a high-stakes game. On one side, the charts suggest bulls still have some fight left. On the other, fears of a stealth sell-off by China are weighing heavy on the market’s psyche.
The $84,000 support zone is a critical line in the sand. If BTC holds, we could see another leg up. But if China pulls the trigger on a massive liquidation, we could be staring down a painful slide to $40K
With geopolitical tensions rising, Hong Kong emerging as a quiet player, and the U.S. inching toward crypto integration, Bitcoin’s next move might come as much from politics as it does from price action.
Stay alert. The storm could be closer than it looks.
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