Does the U.S. Department of Justice selling Bitcoin mark the beginning of market panic or an overinterpretation of sentiment?

When the market hears "U.S. Department of Justice selling Bitcoin," it often reacts with reflexive panic rather than rational analysis. The reason is simple: the combination of official institutions, large holdings, and public disposal inherently has emotional impact. However, if we broaden the perspective, the actual impact of their selling on the market is far less exaggerated than sensational headlines suggest.

First, the Bitcoin held by the Department of Justice is essentially seized assets, not investments. Their sale is not based on price judgment but on legal procedures and financial arrangements. Therefore, their selling pace is more "procedural" rather than "timing-based."

Second, from historical experience, markets often begin to price in expectations before the announcement, and when the sale actually occurs, it can lead to a technical rebound as the "bad news" is digested. The main driver of price decline is not supply itself but the market’s speculation about whether there will be further selling pressure.

Therefore, the root of panic is not the selling itself but uncertainty. Once the pace is clarified, the market will quickly reprice. What investors should truly be cautious of is not the Department of Justice selling coins, but the tendency to amplify short-term shocks in emotional reactions, ignoring that Bitcoin’s overall liquidity and market depth are no longer what they used to be. #美司法部抛售比特币