Unusual Btc dumping, what could be the reasons?

[Bobcrypto]

Looking at the current market situation s, one may wonder why Bitcoin price is going downtrends for a whole one week. This is because bitcoin hardly experience a continuous dumping for one week. As we might have observed, price manage to touched $102k early last week, unfortunately, until this week, the price keep going down. I am just curious about what could be responsible for this prolonged downtrends movements?
Again, though i don't rely on rumors, but there are some unconfirmed information that the US government is selling off ceased Bitcoin, about 69000 Btc. Any idea to confirm if this information is real?

[bitbit97]

I dont know the real reason for current price drop, but whenever I see that "MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per bitcoin", there were always price drops. Look at the date of this tweet, and look on the Bitcoin price graph. January 6-7, Microstrategy bought BTC, Bitcoin price lost $5-6k during one day. Tweet from December 30, Bitcoin price lost $~2k. Coincidence?

But I have also saw posts giving predictions that due to fires in California, government selling BTC from reserve to cover losses. Might not be true, but disaster always influence bad on the price.

[rdluffy]

Again, though i don't rely on rumors, but there are some unconfirmed information that the US government is selling off ceased Bitcoin, about 69000 Btc. Any idea to confirm if this information is real?

You can check the wallet here: https://intel.arkm.com/explorer/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
They haven't sold yet

I believe that this drop is a normal market movement trying to anticipate the 20th

[Stuart]

Numerous news going round the world, and in any ways they relate to crypto currency, it affects the price of Bitcoin. 20 January is a day every crypto enthusiasts is waiting for, and few days to it, the price is still struggling. I feel the different news coming up against Donald Trump has in some ways affected the price of Bitcoin. The wildfire in Los Angeles has its own price effect, cause the possibility of crypto users around that area might be affected as well. So, we can't really pin point the particular news that's responsible for the current downtrend of the market. Maybe all are working together.

This current week is a week that's supposed to have a big pump on the pice in the market, but yet, nothing is happening. Or let me say, the week just started. Currently the price is still around $94,123

[yhiaali3]

Yes I heard some news that the US government is selling the Bitcoin seized from the "Silk Road" which is about 69,000 Bitcoin, I expect that is the main reason for the current drop.

There is also another possibility that whales are trying to squeeze the market as much as possible to buy at the cheapest prices before Trump officially takes office on January 20th because Bitcoin is expected to start a big rise after that date.

Anyway, there are those who benefit from this drop like MicroStrategy who bought a large amount of Bitcoin at the current drop.

[0t3p0t]

Again, though i don't rely on rumors, but there are some unconfirmed information that the US government is selling off ceased Bitcoin, about 69000 Btc. Any idea to confirm if this information is real?

You can check the wallet here: https://intel.arkm.com/explorer/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
They haven't sold yet

I believe that this drop is a normal market movement trying to anticipate the 20th

Yeah for me it's normal and let's wait for any confirmation of reversal anytime now as you have said January 20th is an important event to be taking into account as the person behind that was also the reason behind a significant rise way back in November so yeah hopefully you guys can get the perfect timing on this and get a ride.

[Findingnemo]

It's not unusual, it's very common thing that happens in crypto market but we are stubborn to accept the after after witnessing the bump previously, this is exactly how it works so make use of it.

And government always auction the confiscated funds from time to time which is common occurrence too so it's just a coincidence not a reason behind the dump.

[electronicash]

Again, though i don't rely on rumors, but there are some unconfirmed information that the US government is selling off ceased Bitcoin, about 69000 Btc. Any idea to confirm if this information is real?

You can check the wallet here: https://intel.arkm.com/explorer/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
They haven't sold yet

I believe that this drop is a normal market movement trying to anticipate the 20th

Yeah for me it's normal and let's wait for any confirmation of reversal anytime now as you have said January 20th is an important event to be taking into account as the person behind that was also the reason behind a significant rise way back in November so yeah hopefully you guys can get the perfect timing on this and get a ride.

i'd be very  disappointed when this expected bounce will not take place. i have read around a number of posts like this that it will come off this Trump inauguration day. 

its not unusual that they are selling BTC.  they were doing this before but this could just be so that price will also dump. could be a price manipulation so few more days to find out whether this crash is fake.

[Zed0X]

If the 69,000 BTC have not been sold yet, the mere news that it has been approved to be disposed triggered some traders to dump as a precaution. Those who sold are probably anticipating price to drop more and they're waiting for their new buy position to be filled.

[Mia Chloe]

The most recent BTC dump is something I've actually been kind of anticipating that's because the pump that took price to around a 100k + was way too fast and left behind too many inefficiencies if you ask me. The pump has been hodling up because of news and FOMO from people scared of selling. If you remember vividly (especially if you kept track of the trend) you will remember that there was almost a pull back shortly before MicroStrategy bought a couple thousand bitcoins.

Those sudden buys in huge amounts accompanied by some FOMO was part of the reason price has been hodling up but it seems to be gradually fading off hence the retracement.

[taufik123]

i'd be very  disappointed when this expected bounce will not take place. i have read around a number of posts like this that it will come off this Trump inauguration day. 

its not unusual that they are selling BTC.  they were doing this before but this could just be so that price will also dump. could be a price manipulation so few more days to find out whether this crash is fake.

This circumstance is completely price manipulation and see now how the price of Bitcoin started bouncing off at the price of $90k which is the nearest strong support for Bitcoin.

The manipulation was done so that whales could get cheaper prices when retail traders panicked to sell Bitcoin at low prices.
This manipulation is in preparation for the next Bullish session and will begin when Trump is inaugurated, and hopefully it is the most appropriate moment for Bitcoin to break through ATH again and Altcoins also reach the Altseason perfectly.

[robelneo]

Based on the article on fxstreet, its a common occurrence and nothing really unusual

“Bitcoin dumping in January has historically been a common occurrence in post-halving years,” crypto analyst Axel Bitblaze told his 123,000 X followers on Jan. 12. “We all know what happened after the 2017 and 2021 dumps.”
On the flip side, a pullback of the magnitude seen in January of the last two cycles could send prices below $70,000.

https://www.fxstreet.com/cryptocurrencies/news/bitcoin-january-slump-nothing-new-in-post-halving-years-analysts-202501130831

So we have to expect the dump could go as low as $70k based on the logic of the last two cycles, but I don't see that happening because the scenario is way different now compared to the last two cycles, and I expect the price to recover in the coming days before Trump's inaguaral.

[TomPluz]

Over the years since Bitcoin got into existence, there had been many times when people in this industry wondered why the price was going down...and they could not thought of anything that directly influenced BTC on its price at that time. And that is why I realized that there are times when Bitcoin would just go down or up for no real reason at all...as if it is just floating on the water and just go where the current is carrying it. Right now, as I am posting this, the price is going up and can continue to expand as we are nearing the Jan 20 event. And I am wondering...are we still in the Bitcoin bull run?

[Celsius]

Any idea to confirm if this information is real?

There could be several reasons for the sudden drop in the Bitcoin market and it is very difficult to justify what is true and what is false. The reasons you mentioned may be true.  But I mention this because of the massive fire that took place in Los Angeles, which caused a huge amount of damage, which in turn had an impact on the Bitcoin market. Although this effect was temporary but now the Bitcoin market is moving upwards again.

[Faisal2202]

Looking at the current market situation s, one may wonder why Bitcoin price is going downtrends for a whole one week. This is because bitcoin hardly experience a continuous dumping for one week. As we might have observed, price manage to touched $102k early last week, unfortunately, until this week, the price keep going down. I am just curious about what could be responsible for this prolonged downtrends movements?
Again, though i don't rely on rumors, but there are some unconfirmed information that the US government is selling off ceased Bitcoin, about 69000 Btc. Any idea to confirm if this information is real?

The information is real but the shocking thing is US government has made this announcement on 30 December that they will sell their 69k BTC and market is reacting to that news now is not understandable so I don't think that's the reason and I am seeing my influencers saw it coming already don't know on what basis.

But whatever the reason would be I am glad that it is up now and Gary resign will boost market plus if any good statement made by Trump in his inauguration, market can pump too.