China Secretly Selling Bitcoin? Analyst Warns Bitcoin Price Crash to $40K


Coinpedia
Apr 18
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The post China Secretly Selling Bitcoin? Analyst Warns Bitcoin Price Crash to $40K appeared first on Coinpedia Fintech News
China is the second-largest holder of Bitcoin, after the United States. It holds no fewer than 194,000 BTC tokens. Unlike the US, China does not have a clear policy on how to handle its Bitcoin reserve.
A shocking claim from crypto analyst Leviathan suggests that China may be quietly selling its massive BTC reserves. He even warns that this shadow liquidation strategy could drive Bitcoin prices down to $40K. Unbelievable? Read on!
China’s BTC Stash Comes From Criminal Seizures, Not Investments
China is one of the prominent economic superpowers, which has not yet developed a clear cryptocurrency policy. Still, it is illegal in the mainland of China to trade cryptocurrencies.
