Like a professional, the US Government had sold 1.5k BTC this year while BTC was pumping. Buying low and selling high.

Firstly and foremost, there is no reason to panic here as we had seen in the recent weeks that just rumours of the US government selling their Silk Road BTC could cause the markets to crash. While yes now the US government did actually sell, it is still a small quantity with “just“ 1.5k BTC ($42M) of their whole initial 40k BTC Silk Road batch that they earlier this year confirmed to sell.

Interestingly, they did commit to sell in 9-10k BTC batches per sale and now obviously it is weird to see them selling a small quantity like 1.5k BTC. It could possibly be due to them realising that their 10k BTC sale last time did cause the prices to slide and especially the Us government could not be the one doing market manipulation that openly.

Or this may have just been a test transaction and the real sale is about to come in the coming hours and days. That is peculation though.

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Recent snapshot of US Govt balance drop while they sold about one month ago

Here we can see the US government wallet balance and the blockchain is so amazing and transparent that literally all of us could track their wallet. Furthermore, they actually sold right as we were pumping. Quite the smart decision if the US government was a daytrader… and certainly not one of us.