PANews reported on January 9 that regarding the " US Department of Justice was approved to sell the $6.5 billion of seized dark web Silk Road Bitcoin ", CryptoQuant CEO Ki Young Ju wrote on X: "Last year, based on realized market value, $379 billion entered the market, about $1 billion a day. The $6.5 billion (Bitcoin) sold by the US government could be absorbed within a week. Don't panic."
CryptoQuant CEO: US government sells $6.5 billion in Bitcoin, which may be absorbed by the market within a week
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