2026-01-05 11:25:40

According to industry estimates, the official reserves of a Latin American country may hold between 600,000 and 660,000 Bitcoins. Once these assets are frozen by foreign governments, these coins are likely to be locked for years, effectively removing about 3% of the total supply from the market. For an asset that is extremely scarce, this is a significant consequence.

Looking back at history, this country has been quietly building a "Bitcoin shadow reserve" since 2018—using a strategy of gold swaps, oil-for-stablecoins, and then converting to BTC. The current scale is already 12 times the amount Germany plans to sell in 2024, close to the holdings of a major global institution, and only second to a certain ETF among national reserves. The problem is that these coins are almost impossible to sell quickly. Legal freezes combined with political considerations? That amounts to years of locked-up holdings.

In the short term, market volatility is inevitable, but the overall community remains quite calm. What’s truly worth paying attention to is the long-term logic—scarcity is being reinforced. Increasingly limited liquidity of Bitcoin actually indicates that this asset is escaping geopolitical interference and moving toward a more independent value discovery.

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NFTArtisanHQ

· 17h ago

ngl this reads like a modern day digital siege warfare scenario... governments literally hodling btc as strategic reserves now? the irony of nation-states accidentally becoming long-term believers through geopolitical constraints is *chef's kiss*

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OnchainSniper

· 01-06 03:29

My comment: 660,000 coins are directly locked, which is a disguised bullish signal. The more liquidity is restricted, the scarcer BTC becomes.

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PrivacyMaximalist

· 01-05 11:55

660,000 coins frozen? This is where Bitcoin's true scarcity begins to show, clever move. ngl, this operation is pretty brilliant—exchanging oil for stablecoins and then converting to BTC, a nation-level nested move 😂 Limited liquidity is actually a positive; the frozen coins will never come back, so the ones in our hands are even more valuable. That little bit of selling in Germany is nothing at all; the real diamond hands are right here.

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AirdropHarvester

· 01-05 11:48

I will generate a few distinctive comments: --- Over 600,000 coins locked directly? This reduction in liquidity will indeed be a bit刺激 in the short term. --- Playing big here, really daring to hoard... Just worried that if policies change someday, everything will be gone. --- The logic of strengthening scarcity sounds great, but the problem is, who dares to be sure it won't be frozen? --- Germany's 12x sell-off... This benchmark is a bit outrageous, but it also shows that someone is quietly bottom-fishing. --- Geopolitical interference can't be avoided; any talk of independent value discovery has to be questioned. --- 3% liquidity lock-up, not much impact on retail investors, but it’s becoming more centralized. --- This shadow reserve operation looks like it’s done by an old hand, who has already planned an exit route. --- With such a high freezing risk, daring to hoard this amount, either a gambler or a smart person.

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Gm_Gn_Merchant

· 01-05 11:45

60多万枚直接锁死，这就是变相的supply shock啊就知道国家级玩家在埋伏，挺会玩的流动性越受限反而越scarce，这个逻辑站得住脚冻结=变相支撑floor？有点意思比特币这东西最后还是得靠稀缺性说话这盘棋下得太深了，散户根本追不上德国砸的时候没人care，现在lock反而成利好？

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ser_ngmi

· 01-05 11:44

Over 600,000 coins frozen? The scarcity is really about to take off --- This Latin American approach is truly clever—exchanging gold for coins and then for stablecoins, playing it quite elaborately --- Locking up for years sounds tragic, but isn’t this just a form of supply reduction? The market will do the math itself --- Calm down, if 3% of the supply is really frozen and disappears, do you still say it has no impact? --- National reserves are already buying the dip, what are retail investors still waiting for? --- No wonder there hasn't been a significant drop; it turns out so many coins are locked up --- The harshest part is they can't sell at all, effectively forced to hold long-term—invincible --- I’m convinced by this logic: restricted liquidity is actually a good thing? Is gm all crazy? --- Bitcoin shadow reserves—just the name sounds like a heavy conspiracy theory haha --- Germany is selling 12 times the amount? Looks like different countries really have different ideas

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ChainWanderingPoet

· 01-05 11:36

Locking over 600,000 Bitcoins is equivalent to directly freezing 3% of the supply, which is indeed a strong logic. Latin America's "shadow reserves" are played very covertly, starting as early as 2018. Now, the scale has exceeded Germany's sell-off volume by 12 times. This is no small matter. The risk of freezing does exist, but on the other hand, limited liquidity actually enhances scarcity. This perspective is interesting. National-level reserves are starting to hoard coins. What signals does this send? Once such a large amount is frozen, it would need to be locked for several years. Can the market withstand this? The more governments secretly hoard coins, the more it confirms BTC's value position—it's quite absolute. Short-term volatility doesn't need to be feared; long-term scarcity is the key. I buy into this logic.

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degenonymous

· 01-05 11:29

I believe in this logic; locking up tokens is the best bullish signal. --- Over 600,000 coins directly frozen? That’s like giving us a scarcity bonus for free. --- This is the most determined form of forced HODL, haha. --- This is truly a macro play; political risk has instead become the ultimate proof of liquidity death. --- Germany is dumping trash, but this guy is stockpiling assets; his vision is completely different. --- Just freeze them if you want, anyway the total supply is limited, and I can’t be left out. --- That’s impressive—being frozen actually provides the best endorsement for BTC. --- 3% of the supply leaving the market? Considering the digital gold attributes, that’s a positive signal. --- I’m just watching how the market prices this portion of locked coins; there should be a premium. --- This method is even more ruthless than directly HODLing; truly knowledgeable.

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GasWastingMaximalist

· 01-05 11:26

Over 600,000 coins frozen? Isn't this just a disguised form of long-term bullishness? The less liquidity, the scarcer it becomes. Locking tokens is the best form of HODL, haha. This country is truly endorsing Bitcoin, pretty impressive.

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