The U.S. government has been authorized to sell 69,370 BTC (approximately $6.5 billion) seized from the Silk Road on the dark web.
The U.S. government now holds about $18.6 billion worth of Bitcoin.
Such news can indeed affect the price of Bitcoin, causing panic.
However, most of us only learn about this information after the fact.
Before the recent decline, I warned everyone that Bitcoin was consolidating, and I placed a short order at 102.
This is the conclusion I reached from a technical perspective and from the information I have comprehensively gathered.
For ordinary people, without an information advantage and lacking technical analysis skills, it is very difficult to survive in this market.