BlockBeats News, January 9th, BlockBeats News, January 8th, DB News reported that the US Department of Justice has been approved to liquidate 69370 BTC (worth approximately $6.5 billion) seized in the Silk Road case. Coindesk analyst James Van Straten stated that market concerns about selling may have been exaggerated and listed the following reasons: There seem to be many reports about 69370 bitcoins being liquidated, and if they are really sold, they are likely to be sold in an orderly manner to obtain the best price. At the same time, the market has long known that this situation is possible, so this possibility may have been digested by market expectations. Secondly, since September, the market has absorbed over one million bitcoins. This can be reflected by a decrease in the holdings of long-term holders, who are defined by Glassnode as investors who have held Bitcoin for more than 155 days. As a group, they currently hold 13.1 million bitcoins. However, since September, the price has risen from approximately $60000 to over $100000. The final reason is that we have historical data about another government selling a similar amount of Bitcoin. The German government sold approximately 50000 bitcoins between mid June and mid July 2023. At that time, the total value of these bitcoins was approximately $3.5 billion, while their current value is about half of it. However, the market actually reacted to the sell-off in advance and the price bottomed out around July 7th at around $55000, while the German government still holds at least 25000 bitcoins. This indicates that the quantity of Bitcoin will not dominate the market.

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Odaily Planet Daily News: Analyst Omkar Godbole said that the defensive layout of the stock market may stem from concerns that President elect Trump's inauguration ceremony on January 20th may become a "bullish" event. In the past two months, due to expectations that Trump will introduce reforms that benefit businesses and the economy after taking office, the risk-taking sentiment in the financial market has increased, but the possibility of profit taking cannot be ignored. Trump will take office on January 20th, which will change cryptocurrency regulatory regulations and even change Bitcoin's strategic reserves in the coming months, laying the foundation for the next round of rebound. QCP Capital in Singapore also holds a similar view, stating that traders should closely monitor this week's FOMC and NFP data before further layout, as these data are expected to further affect the price trend of Bitcoin. （CoinDesk）

For the outside world, bitcoin (BTC) dropping $10,000 to $92,000, in a matter of days could signal the end of the bull run. A caveat to this could be that bitcoin continues to consolidate below a key psychological $100,000 threshold.Unconfirmed reports from DB News suggest that the Department of Justice (DOJ) has been given the authority to liquidate 69,370 BTC ($6.5 billion) seized from the Silk Road marketplace. The report comes just 11 days from President-elect Donald Trump's inauguration. Trump has vowed not to sell any of the 187,236 BTC that is still in possession by the U.S. government, according to Glassnode data. The majority of the tokens in the government's possession comes from the seizures on Bitfinex and Silk Road.There are a few reasons that the fears of a sell-off may be overblown: The reports of 69,370 BTC being liquidated seem like a lot, and if sold, they will most likely be sold in an orderly fashion as they are requested to get the best possible price. At the same time, the market already knew that this was a possibility, so this could have already been baked in to market expectations. Secondly, the market has absorbed over 1 million bitcoin since September. This can be shown by the decrease in holdings by long-term holders, who are defined by Glassnode as investors who have held bitcoin for longer than 155 days. As a cohort they now hold 13.1 million BTC. However, since September, the price has gone from approximately $60,000 to over $100,000.The last reason is that we have previous data on another government selling a similar amount of bitcoin. The German government sold approximately 50,000 BTC from mid-June to mid-July of 2023. The total value of the coins was around $3.5 billion back then, around half the value now. However, the market effectively front-ran the selling and the price bottomed out around July 7 at around $55,000 while the German government still had possession of at least 25,000 BTC. Which shows this amount of bitcoin does not dictate the market.

Click on the link to enter the live stream: https://meeting.tencent.com/p/5658778060 This is a small step in the price, but it can also be a big step in the trend. The biggest opportunity for dual currencies to emerge before the new year! Yesterday we talked about the necessity and demand for the market to continue to decline. From the current situation, there are no issues with our analysis. Of course, this conclusion can be drawn, and Lao Guan believes that it is due to our absolute top bottom structure. Some analysts may be able to see the possibility of a decline in the market. And there may also be downward expectations, but I believe most analysts will only give you a spatial expectation and will not tell you that the market will have an overall downward movement in the next half month like Guan. So all we need to do on this basis is one point. This is where the market is fun. We need to go short, but we need to look for more opportunities and nodes for rebound. The reason does not need to be elaborated, it is because we have the plan to short at high prices. Today's market analysis will not be very complicated. On the premise of recognizing the current downward trend of the market, we should try our best to find more opportunities for market rebound and high-altitude operations during the trading session. So tonight, if the market analysis is relatively simple, we will bring you an absolute top-level structure sharing. Tencent Meeting Number: 5658778060 QQ group number: 701829134 AIcoin： https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts. It is not related to AICoin and the consequences are borne by AICoin