Part 9/11:
The U.S. government still holds a significant stash of Bitcoin—around 177,000 BTC—seized from criminal activities like Silk Road. Recently, they sold roughly 31,800 BTC, worth about $2.2 billion, to Coinbase. Despite these large dumps, Bitcoin’s price has continued to climb, highlighting its resilience and the underlying demand from institutional investors.
The market’s ability to absorb these sell-offs may suggest a foundational shift, with supply and demand dynamics favoring higher prices in the coming weeks.