🐉 China Selling Seized Bitcoin to Boost Budget

💸 Local governments in China are offloading seized crypto to plug budget gaps.

🤐 With no clear regulations, the process is murky—raising concerns among lawyers about creeping corruption.

🌍 They're using offshore private firms to liquidate the coins into fiat, sidestepping China’s own crypto ban.

📉 By the end of 2023, they held 15K BTC—worth around $1.4B. That’s some serious liquidity injection.

🇨🇳 China’s total stash? 194K BTC—second only to the U.S. Silent whales making loud moves.$BTC $ETH $SOL