{"id":6851,"date":"2025-01-09T15:02:50","date_gmt":"2025-01-09T15:02:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6851"},"modified":"2025-01-09T15:02:50","modified_gmt":"2025-01-09T15:02:50","slug":"bitcoin-silk-road-sales-would-affect-leverage-traders-more-than-holders-analyst-argues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6851","title":{"rendered":"Bitcoin Silk Road Sales Would Affect Leverage Traders More Than Holders, Analyst Argues"},"content":{"rendered":"<div>\n<p>Reports of the U.S. possibly <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42890745\/us-government-silk-road-bitcoin-holdings-drop-to-0-amid-report-doj-approved-to-sell-6-5-billion-worth-of-crypto\">liquidating most<\/a> of its Bitcoin holdings seized from the <strong>Silk Road<\/strong> darknet marketplace may be more impactful for short-term traders than for long-term spot holders, according to a market analyst.<\/p>\n<p><strong>What Happened: <\/strong>Pseudonymous cryptocurrency analyst <strong>Kun<\/strong> <a href=\"https:\/\/x.com\/0x_kun\/status\/1877261870631105005?s=46\">stated<\/a> on <strong>X<\/strong> on Thursday that this type of news tends to cause mass liquidations in the derivatives markets due to increased volatility, but doesn&#8217;t necessarily have a negative impact on the underlying value of the asset for spot holders.<\/p>\n<p>The U.S. Department of Justice has received clearance from a federal judge to sell 69,370 <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), valued at roughly $6.5 billion, justified &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42897245\/bitcoin-silk-road-sales-would-affect-leverage-traders-more-than-holders-analyst-argues\" alt=\"Bitcoin\" silk road sales would affect leverage traders more than holders analyst argues>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reports of the U.S. possibly liquidating most of its Bitcoin holdings seized from the Silk Road darknet marketplace may be more impactful for short-term traders than for long-term spot holders, according to a market analyst. What Happened: Pseudonymous cryptocurrency analyst Kun stated on X on Thursday that this type of news tends to cause mass [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6851","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6851"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6851\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}