{"id":146441,"date":"2025-01-10T17:00:55","date_gmt":"2025-01-10T15:00:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146441"},"modified":"2025-01-10T12:31:18","modified_gmt":"2025-01-10T10:31:18","slug":"silk-road-bitcoin-sale-wont-shake-market-if-done-otc-cryptoquant","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/silk-road-bitcoin-sale-wont-shake-market-if-done-otc-cryptoquant\/","title":{"rendered":"Silk Road Bitcoin Sale Won\u2019t Shake Market if Done OTC – CryptoQuant"},"content":{"rendered":"
A report<\/a> <\/strong>from January 9 highlighted that concerns over this massive sale might be overstated, as the Bitcoin<\/a> <\/strong>stash remains dormant for now.<\/p>\n The US Department of Justice (DOJ) received approval on January 8 to sell the confiscated Bitcoin, but no movements have been recorded yet. Despite the uncertainty surrounding the sale, Bitcoin\u2019s recent decline, from its peak of $108,000 to just over $92,000, has been primarily driven by panic selling from short-term holders. In the past day alone, over 36,000 BTC moved from short-term wallets to exchanges, with most of these coins being sold at a loss, contributing to the market\u2019s recent downward pressure.<\/p>\n CryptoQuant\u2019s analysis suggests that the potential market impact from the Silk Road Bitcoin stash is minimal compared to the overall increase in Bitcoin\u2019s realized market capitalization, which has risen by $381.7 billion in the last year. This growth dwarfs the value of the seized Bitcoin, making it less likely that its sale will create lasting downward pressure on the market.<\/p>\n