#OnChainLendingSurge

In recent days, the cryptocurrency market has been facing a sharp decline, and the next moves could be even more critical. The reason? The upcoming sale of over US$$ 6.5 billion in Bitcoins seized by the US government in the Silk Road case, which have not yet been liquidated.

What does this mean for the market?

🔸 Massive selling pressure: The introduction of such a large volume of BTC into the market increases the supply, which usually causes prices to fall.

🔸 Fear and uncertainty: The announcement of this sale alone has already caused panic, with many investors anticipating the drop and selling their positions.

🔸 Extreme volatility: The price of Bitcoin has fallen by about 3% in the last 24 hours, and altcoins are following the downward movement.

How to protect yourself in this scenario?

1️⃣ Reduce leverage: Leveraged trading increases the risk of liquidation in bear markets.

2️⃣ Keep an eye on technical support: Bitcoin’s next major support could determine how far the market can fall.

3️⃣ Use stop-loss orders: Limit your losses by setting strategic exit points.

4️⃣ Keep an eye on the news: Updates on when and how these Bitcoins will be sold can quickly impact prices.

Conclusion

The cryptocurrency market is under pressure, and the next few weeks will be decisive. Understand the risks and prepare for more volatility. If the sell-off of these BTCs is confirmed, Bitcoin and other cryptos could sink even further.