The Crypto Boys
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Bullish
ARE YOU WORRIED ABOUT US
GOVERNMENT BTC DUMP?
A FEW HOURS AGO, IT WAS REPORTED THAT THE US GOVERNMENT WILL SELL
$6.5 BILLION WORTH OF BTC.
HERE'S WHY IT'S A FAR-FETCHED FUD 👇
1) BITCOIN MARKET IS WAY BIGGER
IN 2024 ALONE, $379B OF NEW CAPITAL ENTERED INTO BTC
$6.5B SELLING COULD BE EASILY ABSORBED WITHIN A FEW DAYS
2) MARKET HAS PRICED IN
AFTER THIS NEWS CAME OUT, BTC DROPPED $700, AND SINCE THEN IT HAS STABILIZED
IT SEEMS LIKE BIG ENTITIES ALREADY HAD THIS INFORMATION IN ADVANCE, AND THE DUMP FROM $102K TO $95K WAS TO PRICE IN THIS FUD.
3) SELLING WILL BE VIA OTC
UNLIKE THE GERMAN GOVERNMENT, WHO SOLD THEIR BTC ON EXCHANGES, IT'S HIGHLY LIKELY THAT $6.5B WORTH OF BTC SALES WILL BE VIA OTC
IN A NUTSHELL, I THINK THAT PEOPLE ARE OVERESTIMATING THE IMPACT OF THIS SALE.
AS USUAL, RETAIL WILL PANIC SELL ONLY TO BUY HIGHER IN THE COMING MONTHS.
GOVERNMENT BTC DUMP?
A FEW HOURS AGO, IT WAS REPORTED THAT THE US GOVERNMENT WILL SELL
$6.5 BILLION WORTH OF BTC.
HERE'S WHY IT'S A FAR-FETCHED FUD 👇
1) BITCOIN MARKET IS WAY BIGGER
IN 2024 ALONE, $379B OF NEW CAPITAL ENTERED INTO BTC
$6.5B SELLING COULD BE EASILY ABSORBED WITHIN A FEW DAYS
2) MARKET HAS PRICED IN
AFTER THIS NEWS CAME OUT, BTC DROPPED $700, AND SINCE THEN IT HAS STABILIZED
IT SEEMS LIKE BIG ENTITIES ALREADY HAD THIS INFORMATION IN ADVANCE, AND THE DUMP FROM $102K TO $95K WAS TO PRICE IN THIS FUD.
3) SELLING WILL BE VIA OTC
UNLIKE THE GERMAN GOVERNMENT, WHO SOLD THEIR BTC ON EXCHANGES, IT'S HIGHLY LIKELY THAT $6.5B WORTH OF BTC SALES WILL BE VIA OTC
IN A NUTSHELL, I THINK THAT PEOPLE ARE OVERESTIMATING THE IMPACT OF THIS SALE.
AS USUAL, RETAIL WILL PANIC SELL ONLY TO BUY HIGHER IN THE COMING MONTHS.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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