The biggest news today is that the US Department of Justice has been approved to sell Silk Road's 6.5 billion USD worth of Bitcoin:

Let's interpret this news. There are two kinds of market views at present. One is that this news has been sold on December 30, and this event has been fully reflected in the price, because it can be approved on December 30.

The second is that they may go for OTC transactions, that is, over-the-counter, which will not affect the market.

Let me say my opinion: At present, it has only been approved, and it has not been determined when these Bitcoins will be sold. Now there are only 11 days left before Trump takes office. Trump has also publicly stated that he will not sell a single BTC. Judging from the efficiency of the Americans, whether it can be sold smoothly still needs to be observed.

Secondly, if it is sold, 6.5 billion worth of BTC is not a lot, because now there are unlimited funds such as BlackRock and MicroStrategy listed companies to take over, and it is estimated that it will be taken back in a few days, so I think this news is more affected by the emotional aspect.