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A frenzy is coming! Hundreds of billions of crypto coins are sitting on the sidelines waiting to be "sold."

A frenzy is coming! Hundreds of billions of crypto coins are sitting on the sidelines waiting to be "sold."

2024/03/19 19:40

In recent years, hundreds of thousands of Bitcoins and other cryptocurrencies have been seized by the relevant authorities in the fight against cybercrime. These cryptocurrencies, which were obtained through illegal means, will be dealt with according to the law. According to sources, the relevant departments around the world have been planning for a long time to sell off the aforementioned seized large amount of cryptocurrencies in an orderly manner through legal means. This is a large-scale and unified disposal of seized cryptocurrencies by the relevant departments at the same time, which has been accumulated for a long time. Analysts in the cryptocurrency field point out that selling such a large scale of cryptocurrencies at one time is expected to affect the price trend in a certain program. The value of this batch of seized cryptocurrencies held by the relevant departments may be as high as tens of billions or even hundreds of billions of dollars, and industry insiders believe that this move by the relevant departments will also further standardize the regulation of cryptocurrencies. Overall, this move reflects the determination and strength of the relevant departments in the field of cryptocurrency regulation, and creates a new model for state authorities to dispose of seized cryptocurrencies. Reminder: this node if a large number of BTC and digital currencies sold off whether to cause a large impact of the sell-off is not yet concluded. Investment is risky and requires caution.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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