Now THIS is the real reason why we sold off
Trump lied about the BTC Strategic Reserve
A classic case of "read the fine print"

IMO the BTC price weakness has been caused by the DOJ & FBI selling the $15B worth of bitcoin they seized last month.
If the govt agencies don’t sell the BTC they are required by presidential executive order to turn it over to the US treasury for the BTC strategic reserve.
If

Brian Estes

Twitter

Individuals and organizations that violate regulations on trading and holding digital assets may be fined between VND100 million and VND200 million, according to a draft that is being consulted by the Vietnamese Ministry of Finance.

The Ministry of Finance is seeking comments...

Ministry of Finance seeks opinions on penalties related to the crypto asset market

Satoshi Nakamoto's legendary Bitcoin fortune has fallen by about $41 billion, as BTC prices plunge more than 30% from All-Time-High.
Anonymous creator's 1.1 million Bitcoins, tracked via...

Satoshi Nakamoto lost $43 billion as Bitcoin price dropped more than 30%

Author: Maryland HODL; Crypto KOL; Translated by: Jinse Finance
A power struggle involving money is unfolding in full view of everyone—but almost no one is aware of the stakes involved. Here is my personal speculation.
Over the past few months, a new pattern has emerged in the political, market, and media spheres. Scattered news headlines are suddenly connecting, market anomalies no longer seem so accidental, and institutional behavior is exhibiting unusually aggressive behavior. Beneath the surface, a deeper transformation appears to be lurking.
This is not a normal monetary cycle.
This is not a partisan conflict in the traditional sense.
This is not...