Yesterday, I was joking that all the news during the decline was negative, first the U.S. Department of Justice was approved to sell nearly 70,000 pieces of #BTC from the Silk Road case, and today I saw that Russia has begun selling 1,032 pieces of #比特币 seized in the Infraud hacker organization case:
Russia has started selling the bitcoins confiscated during its investigation of the Infraud hacker organization in 2023. This move indicates that Russia hopes to exchange over 1,000 bitcoins for fiat currency. The Russian official news agency TASS confirmed this development, stating that Moscow will first sell bitcoins worth nearly 10 million dollars confiscated from former Russian Investigative Committee investigator Marat Tambiev.
As for my view, although these sales might mostly be over-the-counter trades having little impact on the market, and the scale of Russia's actions this time is not considered large, it may still affect market confidence, leading other short-term speculative funds to follow suit in selling, and some funds may take the opportunity to short hedge and arbitrage, which would impact the price and volatility of the crypto market. Additionally, the #coinank Fear and Greed Index has currently dropped from a greedy high of 78 on Tuesday to a neutral level of 50, indicating that market confidence has clearly been affected.
Tonight, there is also #美国非农数据即将公布 , in addition to non-farm payroll data, there is unemployment rate data, all of which will affect U.S. monetary policy and stock market trends, thereby influencing #加密市场 .