US government just moved 10,000 bitcoins to an exchange, coinbase prime. While this might be worrying for others especially after the German government moving their own bitcoins, I advise everyone to remain calm. The 10,000 bitcoins taken in custody from the Silk road case were transferred to an exchange but not with the intention of selling them.
The standard practice of the US government is to open an auction through the
US Marshal Service where interested parties are called upon to submit a bid for the purchase of Bitcoins. With the agreement between the US Marshal and Coinbase, we can just speculate that the coin is for safe keeping and not for sale.
The government has made partnership with
Coinbase and has entrusted them to hold seized bitcoins. So if anyone is saying that this is a sign of a market crash or a reason for it then don’t believe them and remain steadfast in your hodling.
I don't really care if the US want to sell all the Bitcoin at its disposal because the market will still readjust as we saw in the case of the German State of Saxony. A price drop is a good opportunity to accumulate, so it's all good.