๐๐ข๐'๐ $๐ฒ.๐ฑ๐ ๐ฆ๐ถ๐น๐ธ ๐ฅ๐ผ๐ฎ๐ฑ #๐๐ง๐ ๐ฆ๐ฎ๐น๐ฒ - ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐ฎ๐น ๐ฆ๐๐ผ๐ฟ๐ ๐จ
DOJ got court approval to sell $6.5B worth of Silk Road BTC on Dec 30th
But the News is just starting to circulate widely now
The market is split into two camps rn
Some say DOJ already dumped through Coinbase credit lines - but I've checked the wallets. Not a single $BTC has moved. Plus government agencies need public accountability, buyer verification, and multi-department sign-offs
Others believe DOJ will dump everything before inauguration. If true, we're facing massive sell pressure when:
- Saylor's recent buys failed to break resistance
- Market is clearly downtrending
- Price action showing weakness to downside
On-chain data doesn't lie - these coins haven't moved yet
London and New York aren't even awake yet.
This could get interesting tbh
And here's the reality check - even if DOJ sells everything, it's just 0.35% of total market cap of $BTC
Market creating unnecessary panic over nothing
So just relax and be a Chill guy
