Chinese prosecutors gunning for 61,800 $BTC (~$5.7B) tied to a massive fraud case.
This isn't seized yet — just a legal claim. UK court ruling set the framework, now it's a waiting game.
Key point: Confiscation ≠ liquidation. Governments don't instant-dump like retail panic sellers. If/when they move coins, it'll be telegraphed.
Still, 61k $BTC is no joke. Track the wallet. Watch for legal updates. But don't front-run ghost FUD — no immediate sell pressure here.
This isn't seized yet — just a legal claim. UK court ruling set the framework, now it's a waiting game.
Key point: Confiscation ≠ liquidation. Governments don't instant-dump like retail panic sellers. If/when they move coins, it'll be telegraphed.
Still, 61k $BTC is no joke. Track the wallet. Watch for legal updates. But don't front-run ghost FUD — no immediate sell pressure here.