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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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The US government sells 69,370 BTC! The price of Bitcoin drops below $93,000!
The recent decision by the US government to sell 69,370 Silk Road BTC worth more than $6.7 billion has directly caused market turbulence! This wave of selling not only caused the BTC price to drop below $93,000 at one point, but also led to a large number of leveraged long positions being liquidated.
What's even more shocking is that this sell-off occurred in the first ten days of Trump's return to the White House, which is in stark contrast to his previous strategic BTC reserve plan. The market instantly felt tremendous pressure, exacerbating investors' panic and leading to a mass exodus of short-term holders.
However, despite this, many bigwigs still maintain an optimistic attitude towards the future of Bitcoin. Robert Kiyosaki believes that this is a good time for "low-price accumulation", and President Buker also hints at increasing BTC reserves, which may usher in a greater uptrend in the future!
**So the question is: Will BTC fall below $90,000 and then rebound, or is this wave of adjustment just a further short-term consolidation?** Whoever can seize the opportunity in this market turbulence will be able to embrace the next bull market of BTC ahead of time.
Want to learn more about market dynamics? Come follow Qian Shu and stay informed with the latest news in real-time!
#BTC # Cryptocurrency market correction #xrp # BIO #eth $BTC $SOL $BNB
Disclaimer: Contains third-party opinions, does not constitute financial advice, and may contain sponsored content.