Is BTC going to cool down?
A US court has approved the sale of $6.5 billion worth of Silk Road Bitcoin. Although the specific timing of the liquidation is still uncertain, it is highly likely to bring significant selling pressure to the market.
What has happened in history? In October 2024, when the Supreme Court refused to hear the appeal of Battle Born, the price of Bitcoin fell by 2%. At that time, Bitcoin was trading at $60,900, and the total market capitalization of the cryptocurrency market dropped by 3%.
Trump previously expressed support for Bitcoin at a cryptocurrency conference in July 2024, suggesting that holders should 【never sell】. Ironically, the decision by the Department of Justice to proceed with the liquidation coincided with Trump being less than two weeks away from taking office, showing no regard for Trump at all.
Next, it mainly depends on two points: (1) whether Trump's policies are effective (2) how interest rate cut expectations play out.
Trump's policies will take time to implement; we can only hope for a timely interest rate cut. Only with a cut will there be capital inflow and an increase in inflation, leading to a potential market for Bitcoin.
If there is no interest rate cut, promise me, will you short it?
