According to the information from the Twitter account @tier10k, a US official confirmed that the US government has been approved to sell cryptocurrencies. However, a search of relevant reports shows that as early as October 8 last year, the US Supreme Court had ruled that Battle Born Investment lost the case and allowed the government to auction the bitcoins involved in Silk Road. In addition, the official mentioned in @tier10k confirmed that the source of the information was December 30 last year, not today. Therefore, this is not a sudden event, but a re-mention of old news.

About an hour after the information was released (I waited deliberately to avoid a delayed market reaction), the price of Bitcoin ($BTC ) did not fall sharply, but rebounded. This may mean that the "smart money" in the market has anticipated and taken action in advance, or the market has recognized that this is just a renovation of old news.

Under @tier10k's tweet, many people questioned its information. As for why the Department of Justice (DOJ) has not immediately sold Bitcoin after last year's approval, the GPT explained: "Although the court has approved the auction, a variety of complex factors such as legal disputes, market strategies, administrative procedures and policy changes may have delayed the auction. Considering the volatility of the market and the potential impact of the transaction scale, the DOJ is likely to adopt a phased or other more cautious sales approach. This delay shows that the government needs to find a balance between legal compliance, market impact and maximizing benefits when dealing with crypto assets."

It is only two weeks away from the new government taking office, and the new government has made it clear that it fully supports Bitcoin and plans to expand its reserves. Large-scale Bitcoin sales at this time are not only about profitability, but may also carry certain political intentions.

We can look at the future situation optimistically:

In order to maximize benefits, the government may choose over-the-counter (OTC) when selling, rather than adopting a market dumping strategy like the German government.

This large-scale sale of Bitcoin requires complex technical and administrative arrangements, including selecting a custodian, formulating a sales plan, and ensuring the transparency and security of the transaction.

It is extremely unlikely that all will be sold at once, and it is more likely to be sold in batches and phases!

Finally, I would like to remind you that the next month will be a critical period for gambling. It is recommended to reduce leverage, avoid excessive greed, remain patient, and wait for the trend to become clear before making a decision.