Analysis: The selling pressure of the US approving the sale of BTC is overestimated, and there is already a case of the German government selling
Here is the English translation, with 'BTC' retained as is:
CoinDesk reported that the market's concerns about the potential selling pressure from the US government's potential sale of Silk Road-related BTC have been exaggerated, for the following reasons: the reports of 69,370 BTC being liquidated seem to be widespread, and if sold, they are likely to be sold in an orderly manner as they are required to obtain the best price. At the same time, the market has already known this as a possibility, so it may have already been factored into market expectations. Secondly, the market has absorbed over 1 million BTC since September. This can be reflected in the reduction of long-term holder holdings, while the BTC price has also risen from around $60,000 to over $100,000. The final reason is that there is previous data of another government selling a similar amount of BTC - the German government sold around 50,000 BTC from mid-June to mid-July 2023, with a total value of around $3.5 billion, about half of the current value.
