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The US Will Sell Thousands of BTC! What Will Bitcoin Price Be?

ABD, Binlerce BTC’yi Satacak! Bitcoin Fiyatı Ne Olacak?
ABD, Binlerce BTC’yi Satacak! Bitcoin Fiyatı Ne Olacak?
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The US government has released 69,370 Bitcoins worth $6.7 billion seized from the popular darknet marketplace Silk Road. This comes as the US Department of Justice (DoJ) approved the settlement of a long-running dispute over BTC claims by Battle Born Investments. This halted crypto gains of 11% in early 2025. The market saw another 5% bloodbath this week, with Bitcoin price Ethereum and XRP falling sharply.

US government liquidates large Bitcoin holdings

As previously reported by DB News, the US Department of Justice has authorized the government to sell 69,370 Bitcoins seized from the Silk Road darknet. The DOJ cited the Bitcoin price volatility as the reason for allowing the US government to liquidate the assets. Hours after the reports, the balance in the US government wallet dropped to zero from $6.7 billion on January 8, according to data from Arkham Intelligence. Interestingly, the sell-off took place just 10 days before Donald Trump was inaugurated in the White House on January 20. While the Trump team was considering creating a strategic Bitcoin reserve, the Biden administration made a hasty decision to liquidate Bitcoin.

Peter Schiff’ten Bitcoin Fiyatı ve MicroStrategy için Kabus Senaryosu!

Interestingly, the federal judge’s ruling came shortly after the new administration took office two weeks ago. The ruling comes after the resolution of a protracted ownership dispute with Battle Born Investments on December 30. The investment firm had been unable to take ownership of BTC through a bankruptcy estate. Battle Born’s legal team strongly criticized the decision, with lawyers calling it “another egregious example of the Justice Department’s abuse of the Civil Asset Forfeiture process.” The lawyers claim that the government is using “procedural tricks to ensure that the facts are never heard.”

Will the Bitcoin price fall below $90,000?

With these developments, the Bitcoin price is seeing strong selling pressure, erasing all weekly gains after the rejection at the $100K level. As of press time, the BTC price is trading down 2.47% at $93,915.9, with a market capitalization of $1.86 trillion. Moreover, BTC price is showing no strength in the derivatives market as Bitcoin funding rates have dropped significantly. CryptoQuant analyst ShayanBTC noted the following:

In the recent Bitcoin rally, Funding Rates rose sharply amid the bullish trend, suggesting a lagging demand flow. However, Funding Rates declined significantly after Bitcoin encountered resistance at $108k

Finans Şirketi 2025 İçin Yatırım Trendi: Çoğu Kripto Paralarla İlgili!

On the other hand, short-term traders are moving to the exchanges at a loss in what appears to be panic selling. According to on-chain data, short-term holders recently moved 23,200 to the exchange at a loss. However, popular leaders like Robert Kiyosaki remain bullish on BTC. As   Kriptokoin.com noted, he wrote

BITCOIN is crashing. This is great news. I keep buying Bitcoin because Bitcoin crashing means Bitcoin is on sale. Remember “Buy low…. and HODL.” Less than 2 million more Bitcoins to mine

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The US Will Sell Thousands of BTC! What Will Bitcoin Price Be?
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