It's over, the US government is selling coins again? The US government has started to sell BTC and has sent 4k BTC to coinbase
Where did the BTC sold by the US government come from?
Data shows that it was seized from convicted drug dealer Banmit Singh in January 2024.
The US government sent 3,940 bitcoins to the Coinbase Prime wallet on June 26, 2024.
The US government also holds a large amount of bitcoin obtained through asset seizure and confiscation.
The US government currently owns about 214,000 bitcoins, worth $13 billion, making the US government the largest national holder.
This sell-off has caused some panic in the market, but the government's selling of BTC is not only the United States. In fact, Germany has also sold it some time ago, including China.
In general, the trend of the market will not affect the long-term cycle due to short-term events.
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