US DOJ Bitcoin Sale Rumors Shake Market Sentiment ๐บ๐ธ๐ฅ
Reports suggested the DOJ moved and likely sold 57.55 BTCโaround $6.3Mโafter onโchain trackers flagged transfers to a Coinbase Prime wallet, sparking fears of a government sellโoff and unsettling traders ๐จ๐; the receiving wallet soon showed a zero balance, widely read as a liquidation signal.
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The move triggered market anxiety, with Bitcoin dipping from roughly $94,760 to $93,600, while lawmakers questioned why seized BTC wasnโt placed into the Strategic Reserve as required by Executive Order 14233 โ ๏ธ๐ฌ; Senator Cynthia Lummis publicly criticized the unexpected transfer.
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Confusion intensified as mixed reports circulated, though later updates clarified the US Marshals and DOJ denied any sale, insisting seized BTC is to be heldโnot liquidatedโunder current policy ๐๐งฉ; the contradiction fueled shortโterm volatility as traders reacted to uncertainty.
