As is known, the US government transfered the BTCs it seized from Silk Road to Coinbase in June. And Lawyer Scott Johnsson claims that the US government is in the process of selling the BTCs it seized. Actually, I already predicted that they would sell BTCs, but I don't know when they will sell them, and as Johnsson said, they may have sold them or I think they may be in the process of selling.
Of course, it is not possible to know this clearly right now, but the BTC transactions in question will be revealed with the 2024 Asset Forfeiture Program to be published by the US Department of Justice in January. Considering the recent fluctuations in the markets, it is clear that some people are selling in large amounts and others are buying in large amounts. However, despite everything, I think Bitcoin's strong stance will be greatly appreciated in the future.
Bitcoin is currently trading at $59,829 and despite the massive sell-off, it is remarkable that it is still close to $60K, and Bitcoin's strong stance makes me remain even more optimistic.
