Shockingly the US government still has 41.5k BTC ($1B) to sell before this year ends in three months. Be ready for some real volatility.

I think many may still vaguely remember the event of early this year, where the US government suddenly sold about 10k BTC on the market. There was quite some doom and gloom around it, until it got clear that the BTC were just part of their Silk Road sizing, later it was also revealed that the US would pledge to sell the remaining 41.5k BTC from the seizing in this current year.

And while there have been quite many false alarms spreading FUD in the previous months about a US government sale, the blockchain data shows that there is yet some sizable sale to be made by the US government.

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Chart showing the US Government Bitcoin balance, it is an old chart, but the numbers are still about the same

Here we can see how the US government is still sitting on their $1B worth of BTC that are yet to be sold and that in just the remaining 3 months. A $1B sell pressure that only has three months left to drop on the market, there will indeed be quite some FUD around this in the coming weeks…

Initially the thought was that the US government would be smart enough to split this over the whole year and there would literally be zero effect on the market prices, but now it seems like they have not taken the SEC classes about market manipulation…

Anyways, this will not be the end of the world as even a 41k BTC sale in just one day, which is unlikely, would be "just" about double the BTC trading volume. So if they go this extreme route there will be quite a considerable effect on the prices. Let's hope the US government actually knows their own laws and maybe even postpone those sales to next year.