Yesterday, I joked about how all the news during the downturn was negative. First, the U.S. Department of Justice was approved to sell nearly 70,000 coins from the Silk Road case, #BTC , and today I saw that Russia has started selling 1,032 coins, #比特币 , seized in the Infraud hacker organization case:
Russia has begun selling the bitcoins it confiscated during its investigation of the Infraud hacker organization in 2023. This move indicates that Russia aims to convert more than 1,000 bitcoins into fiat currency. The Russian official news agency TASS confirmed this development, stating that Moscow will first sell the bitcoins worth nearly $10 million confiscated from former investigator Marat Tambiev of the Russian Investigative Committee.
As for my opinion, although these sales are mostly over-the-counter transactions and have little impact on the market, the scale this time is not significant, they may nevertheless affect market confidence, leading other short-term speculative funds to follow suit and sell. Additionally, some funds may take this opportunity to short hedge and arbitrage, which will impact the prices and volatility of the crypto market. Furthermore, the Fear and Greed Index has dropped from a greedy high of 78 on Tuesday to a neutral level of 50, indicating that market confidence has evidently been affected.
Tonight, there is also 01153824873; besides the non-farm payroll data, there is also unemployment rate data, all of which will influence U.S. monetary policy and the trend of the U.S. stock market, thereby affecting 34485004063.