6,000 BTC seized from a drug dealer have moved again.
The 6,000 $BTC seized from an Irish drug dealer back in the day are worth about $500 million at current prices. Lookonchain just detected unusual on-chain activity.
Whenever coins seized by a government move, the market’s first reaction is that they’re about to be dumped.
But Germany sold 50,000 BTC back then, and BTC still went on to hit new highs.
With a blockchain background from SJTU and NTU, I’m still waiting to break even. I’d rather see this kind of selling pressure as a chance to get in.
What do you think?
Reply 1: It’s going to dump—get out first
Reply 2: It’s only light selling pressure; it’ll still go up
Reply 3: Sit tight and do nothing
#币安广场 $BTC
The 6,000 $BTC seized from an Irish drug dealer back in the day are worth about $500 million at current prices. Lookonchain just detected unusual on-chain activity.
Whenever coins seized by a government move, the market’s first reaction is that they’re about to be dumped.
But Germany sold 50,000 BTC back then, and BTC still went on to hit new highs.
With a blockchain background from SJTU and NTU, I’m still waiting to break even. I’d rather see this kind of selling pressure as a chance to get in.
What do you think?
Reply 1: It’s going to dump—get out first
Reply 2: It’s only light selling pressure; it’ll still go up
Reply 3: Sit tight and do nothing
#币安广场 $BTC