Today is already the day when information triggers began to be used to pressure the crypto market. Two days prior, prices were lowered without them.
So far, the significant news, in descending order, are three:
1. The U.S. Department of Justice approved the sale of 69,370 BTC worth $6.5 billion, confiscated from the darknet marketplace Silk Road. Two new test micro-transactions have already been made from a verified address of the U.S. government today, which may indirectly confirm preparations for the sales.
All of this is being done less than two weeks before Trump's arrival, who promised not to sell BTC. Prior to this, Biden made decisions on ecology and oil extraction that contradict Trump's plans. They even imposed sanctions against one of the influential figures in the circle of Hungarian Prime Minister Viktor Orban (Trump's main friend among EU leaders) - head of the government office Antal Rogan. In short, everything is contrary. But in the case of #BTC - it's perfectly timed to push the price even lower after the recent dump.
2. #Forbes releases an article for retail titled "Time to Sell" - a warning about a serious drop in Bitcoin's price strengthens the cryptocurrency sell-off.
The author of the article builds the theses on the market decline primarily on Arthur Hayes' opinion:
"Hayes, co-founder of the BitMex exchange and the Maelstrom investment fund, writes on his blog: 'Everything is going according to plan, as it does almost every year: at the end of the first quarter, it will be time to sell... and wait for improvements in the liquidity conditions of fiat currencies in the third quarter.'
Hayes notes that the rally in the Bitcoin and cryptocurrency market occurs during periods of increased dollar liquidity and decreases with its reduction.
In his opinion, by the end of the first quarter, the U.S. Treasury account will be almost empty due to the approaching debt ceiling and the tax payment deadline on April 15.
3. The U.S. Commodity Futures Trading Commission (CFTC) sent Coinbase a notice requiring them to provide data on certain clients associated with the Polymarket platform. This is simply about another potential "repression" of regulators against crypto asset holders. And even on the top exchange in the country. Moreover, from the CFTC, which usually targets institutional investors while leaving retail alone.
What confuses in all this is only Hayes' reasoning, whose forecasts often provide good performance. Everything else the market has already gone through, albeit in different variations. And the sell-offs from Germany, as well as warnings from #Forbes / #Reuters / #TheEconomist / Kramer and other retail pushers into the necessary positions.
