Quote from: hatshepsut93 on April 04, 2024, 11:54:40 PM

The selling of such high amount of coins will definitely be felt by the market for some period of time, maybe a few weeks or so, but it won't stop the bullish market, because it's only 1/750th of the entire supply, it's clearly not enough to objectively crash the market. The US government was selling seized coins in the past too and it never had any serious long-term effect on the price. So now is a good chance to accumulate a bit more coins if you still waiting to do so, because there's definitely going to be new ATHs in this year and maybe the next year too.

The US government selling bitcoin will never cause the market to crash and that's obvious. But what I find strange is that the bitcoin market is worth more than 1 trillion USD and the total market capitalization is almost 3 trillion USD. But why every time just a few billion USD (BTC) sold at the same time can cause a decline of 5 to 15%, it is difficult to understand because 2 or 3 billion USD is very small compared to the trading volume and as marketized capital. This is also one of the many reasons why I always believe that the market is largely manipulated and does not depend on supply and demand.