Smash the market!!! Is the US going to sell BTC again?

This wallet starting with bc1ql received the current value of about $580 million in Bitcoin from a wallet marked as "US Government" two weeks ago

The US Government is going to sell BTC again? Maybe not

Generally speaking, deposits to exchanges indicate an intention to sell assets. Since the US government holds more than 200,000 BTC, it has always attracted market attention, but this transfer is not necessarily for the sale of Bitcoin

First, because the Marshals Service under the US Department of Justice (DOJ) announced a partnership with Coinbase Prime in July to "protect and trade" digital assets, this transfer may be for custody of assets

On the other hand, if the US government really intends to sell BTC, there should also be legal documents to publicize the sale plan. According to court documents, the last time the US government confirmed the sale of Silk Road assets was in March 2023, when 9,861 tokens were sold for $216 million. (The authorities set out a plan to sell the remaining assets in four installments that year in the document)

So there is no need to panic now, you can continue to observe patiently