The post Big Move Ahead? Reports Hint at Potential $2 Billion Bitcoin Sell-Off by US Authorities appeared first on Coinpedia Fintech News

The cryptocurrency market experienced a sudden drop yesterday, with Bitcoin plummeting over 5% to trade around $66,000. This decline coincided with another event as a U.S. government-linked wallet transferred 30,175 bitcoins, reportedly seized from the Silk Road dark web marketplace. 

What has sparked debate and speculation is the timing of this transfer and its effect on the price of Bitcoin. 

U.S. Government’s $2B Bitcoin Transfer

A few hours back, a wallet associated with the U.S. government transferred a staggering 30,175 bitcoins to an unidentified destination, raising eyebrows across the crypto community. Bitcoin’s current price level amounts to approximately $2 billion worth of the digital asset. The transfer comes amidst ongoing market turbulence, with Bitcoin struggling to maintain its position above $70,000.

This isn’t the first instance of the U.S. government dealing with seized Bitcoin. Previously, in March 2023, the government sold 9,861 coins from its stash following a seizure related to the Silk Road website. This recent transfer, however, marks a significant escalation in the government’s involvement with cryptocurrency assets.

Benjamin Skew, an on-chain data expert, weighed in on the situation, shedding light on the nature of the transfer. 

According to Skew, a closer examination reveals a clearer picture than a potential sell-off, which was assumed initially. Most funds were transferred to a newly created wallet, with only a fraction directed towards a wallet purportedly belonging to Coinbase.

Market Reaction

Following the transfer news, Bitcoin witnessed further downward movement, falling below the $65,000 mark. Although the cryptocurrency has since rebounded slightly to trade at $65,200, it remains down 4.7% over the past 24 hours.

The timing of the government’s Bitcoin transfer coinciding with the fall of Bitcoin has made the crypto community question its correlation. As Bitcoin is already grappling with a price correction (normal before a halving event), the transfer of such a substantial amount of seized has made analysts and investors closely monitor the market. 

由于 Paradigm 的 6900 万美元融资最终被证明是愚人节恶作剧，投资者在 JBX 上蒙受了 25% 的资产损失。
4月1日，Juicebox的内容经理似乎宣布了一项虚假消息，即这家基于以太坊的众筹平台已经获得了由加密货币风险投资公司Paradigm支持的6900万美元融资轮。
但后来被揭露为愚人节恶作剧，导致JBX投机者损失超过20%。
JuiceBox 的愚人节玩笑
这一消息是由匿名账户 Briliegh.eth 在 X 上发布的一篇帖子引发的，该帖子此后已被设为私有。帖子声称JuiceBox已经完成了一轮融资，并对支持者和后援们在所谓的成就中所扮演的角色表示感谢。

帖子中写道，“非常自豪地宣布我们筹集了6900万美元！”。尽管没有明确指出任何投资者的名字，但附带的一张Paradigm图片，强烈暗示了他们参与了这轮融资。
根据CoinGecko的数据，消息公布后，JuiceBox的原生代币JBX的价格飙升了40%以上，达到了0.0043美元。然而，庆祝活动并没有持续多久，一个小时后，Briliegh.eth承认这一切都是个恶作剧。帖子中写道，“祝大家愚人节快乐！”，并警告投机者不要为了获得经济收益而去购买 JBX 代币。
新消息导致JBX价格下跌，代币价值下跌了25%，至0.0033美元。
这个恶作剧的后果引起了X用户的强烈反响。在回应@spreekaway 在 X 上分享的最初公告的屏幕截图时，一位用户表示，“这里到底应该开什么玩笑？”另一位则大声疾呼：“应该送进监狱。”
更多加密货币愚人节恶作剧
在类似的事件中，去中心化技术堆栈Waves在其匿名创始人“Sasha”宣布与人工智能的虚假整合后，其价格短暂上涨了5%，之后很快又恢复到了之前的水平。一些用户批评了这个玩笑，将其比作市场操纵。
有趣的是，愚人节当天，以太坊大V和Bankless联合主持人David Hoffman开了个大玩笑，宣布他将离开ETH生态系统，加入Austin Federa和Yakovenko在索拉纳基金会的行列。

Hoffman开玩笑说自己将成为“去中心化副总裁”，并调侃了Solana不像以太坊那样去中心化的说法。鉴于他长期以来一直倡导以太坊，这个声名让很多人感到好笑而不是愤怒。

BitMEX Research也半开玩笑地表示，Grayscale比特币ETF没有出现资金外流，并对GBTC最近几周出现的大幅资金外流进行了嘲笑。
他们后来在跟进帖子中澄清，4月1日的实际流出是3.03亿美元。#愚人节 #投资损失