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 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 was reading that the US government could move some other bitcoins in the incoming days/weeks but I see this type of episodes as news that could be worth reading for 1 minute and then you can forget about it. Everyday there are millions of people buying and selling bitcoin, they report this info just because behind there is the US government so it's kind of clickbait at the end, if the Average Joe sells 10k bitcoins nobody would care.