news 
Arkham Intelligence has recently released a report revealing that the United States government still holds approximately $24 billion worth of Bitcoin. This news comes as a surprise to many in the crypto community who were previously led to believe that 85% of US Bitcoin holdings had been sold.
According to the report, the US Government maintains control over at least 198,000 BTC across multiple agencies, including the FBI and DOJ. It’s essential to note that none of these identified wallets have transferred any assets in the past four months, reaffirming their long-term custody strategy.
The news has sent shockwaves through the market, as many investors had been anticipating a massive sell-off. However, Arkham’s findings suggest otherwise, indicating that the government is not planning any significant liquidation anytime soon. This comes at a time when the cryptocurrency markets are already experiencing fluctuations due to various factors such as regulatory uncertainty and global economic instability.
The release of this report has sparked renewed concerns about the potential impact on market trends and investor sentiment if the US Government were to suddenly decide to sell their Bitcoin reserves. While the data provided by Arkham Intelligence may have alleviated some fears, it also raises questions about the government’s long-term strategy regarding these digital assets.
As a result, analysts are advising investors to remain calm despite the recent dip in the markets. This comes as a relief for many who were worried that a massive sell-off could trigger a market downturn.
Source: coincentral.com
