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GAIB can be withdrawn now. I deposited some money before, but the airdropped tokens aren’t worth much. Although I didn’t deposit a lot, I hurried to withdraw it as soon as possible today to get my principal out first.
Recently, I’ve been enjoying watching YouTube videos. It’s quite fun, and there’s a lot of valuable information.
Today, I came across a video analyzing the reasons behind the recent BTC crash. It’s not because of the Federal Reserve or geopolitical tensions, but because several major countries ( as shown in the picture ) conducted joint enforcement actions, arresting those involved in gray-market activities and confiscating their assets, especially BTC. These gray-market operators held a large amount of BTC. Official data shows 430,000 BTC, all of which are potential selling pressure.
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For traders, it’s like a prisoner’s dilemma. No one knows when these governments will sell those BTC, so they rush to sell first. As a result, traders panic and flee, afraid of being too late to sell.
Institutions like TOM LEE and Cathie Wood have been buying BTC and ETH non-stop, never expecting this situation—multiple governments holding massive amounts of BTC, like the Sword of Damocles, ready to dump at any moment.
Recently, even TOM LEE’s calls for ETH haven’t moved the market; it’s already in a state of extreme panic.
I think the market will gradually digest this fear. These governments may not necessarily sell the BTC directly; they might keep it as national strategic reserves. If that’s the case, it would actually be bullish.
It’s also possible that these governments will sell OTC to institutions. In any case, once this negative selling pressure is digested, that’s when the crypto market will reverse.
Video link:
“Explaining the Real Reason Behind Bitcoin’s Crash in One Go! It’s Not Macroeconomic Factors: Unveiling the Underlying Logic Behind Bitcoin’s Plunge from 128K to 89K, 430,000 Bitcoin About to Hit the Market! The Largest Sell Pressure in Crypto History Is Here!”