🔥 Worried about the US government selling BTC? 🔥
Just a few hours ago it was announced that the government is planning to sell $6.5 billion worth of BTC. But, before you panic, let's take a look at why this news might not be as catastrophic as it seems:
1️⃣ The Bitcoin market is huge
💡 In 2024 alone, $379 billion worth of BTC came in.
💪 A $6.5 billion sale is a tiny fraction and could easily be absorbed in a few days.
2️⃣ The price already reflected the news
📉 Following the announcement, BTC dropped $700, but then quickly stabilized.
🔎 This suggests that the big players already knew the information and the pre-drop was just an early adjustment to FUD.
3️⃣ OTC (Over The Counter) Selling
🔄 Unlike the German government, which sold on public exchanges, the sale is likely to be private via OTC, reducing direct selling pressure on the market.
🚨 Summary:
The impact of this sale may be overstated. Retailers could panic and sell cheap, only to buy back more expensively later.
The market has shown resilience before, and this could be another learning and strategy opportunity. Watch out for FOMO! 🚀
💬 What do you guys think? Are you going to keep calm or do you think we'll see more corrections?
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