CryptoQuant CEO: The sale of 4,000 Bitcoins in the United States will have little impact on the market

Event: The US government sold Bitcoin

Event details:

1. The US government transferred 3,940 Bitcoins seized from the dark web black market "Silk Road" to the cryptocurrency exchange Coinbase Prime .
2. This move caused the price of Bitcoin to fall, testing $61,000 in the early morning of the 27th.
3. CryptoQuant CEO Ki Young Ju pointed out that Coinbase Prime handles a large amount of Bitcoin sell order liquidity every day.
4. Ki Young Ju emphasized that the move was not a government sale of Bitcoin, but was caused by market fluctuations and was intended to stop FUD in the market.

   

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