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The comprehensive bull run ignores Unfavourable Information; only falls look for reasons. By the way, what happened with the UK selling BTC? How many people still remember? Are they all living in fear of the pump?
ARKM shows that the UK government's wallet has 61,000 BTC, with no outgoing transaction records.
(Figure 1)
What is the source of that news? Following the clues to find the original source from The Telegraph, the original text is as follows👇
(Figure 2)
What does this report say? I believe everyone is most concerned about 3 questions:
1. Will the UK government sell these 61,000 BTC?
Against the backdrop of a budget gap of £20 billion in the autumn, fiscal pressure makes the sale of BTC a likely event, but no formal decision has been made to sell.
2. If so, when to sell?
It will not be a one-size-fits-all liquidation, but rather a gradual approach.
The Ministry of Interior has taken clear action by establishing a bidding project to build a "Cryptocurrency Asset Disposal Platform" for the centralized storage and sale of confiscated cryptocurrency assets.
The fastest possible exploratory sales actions may occur around the budget this fall.
🤡Overall, the UK is short on money and wants to sell some coins to make up for the fiscal shortfall. They will sell, but it's still a long way off. It is estimated that there will be a "tentative sale" in September or October, and it will definitely be OTC. Previously, the OTC from 80,000 brother didn't make much of a splash.
The news you see is all that they want you to see, that's it.