This news has just come out, saying that the US Department of Justice has obtained permission to sell previously seized $6.5 billion worth of Bitcoin, and the recent declines have all occurred during US trading days, indicating that some people on Wall Street received the news and dumped their holdings in advance.

Sigh, after analyzing, it is still difficult to find a direct reason for BTC to drop by 10,000 points, because in a normal market decline, it wouldn't fall without any rebound; it just dropped straight down. In the end, it turned out to be such a black swan event.

As retail investors, we can only endure this situation; aside from managing risk, there is no other way. Open high-leverage contracts with stop-losses, hold spot positions with 2x leverage steadily, and wait until Trump is back in office; maybe a bill will come out, and they won't sell off and will treat this coin as a strategic reserve, which he promised before.

Additionally, from obtaining permission to actual sales may take more than a year, so everyone should not scare themselves. Currently, there shouldn't be much impact; once the market's panic subsides, the coin price will rise again.