Bitcoin Silk Road Sales Would Affect Leverage Traders More Than Holders, Analyst Argues
Bitcoin Silk Road Sales Would Affect Leverage Traders More Than Holders, Analyst Argues
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.
根據一位市場分析師的說法，美國可能清算從絲綢之路暗網市場沒收的大部分比特幣的報告對短期交易者的影響可能大於對長揸者的影響。
What Happened: Pseudonymous cryptocurrency analyst Kun stated on X on Thursday that this type of news tends to cause mass liquidations in the derivatives markets due to increased volatility, but doesn't necessarily have a negative impact on the underlying value of the asset for spot holders.
發生了什麼：匿名數字貨幣分析師Kun在週四的X平台上表示，這類資訊往往會導致衍生品市場的大規模清算，因其增加了波動性，但並不一定對現貨持有者的資產基礎價值產生負面影響。
The U.S. Department of Justice has received clearance from a federal judge to sell 69,370 Bitcoin (CRYPTO: BTC), valued at roughly $6.5 billion, justified by the price volatility of the asset.
美國司法部已獲聯邦法官批准出售69,370個比特幣（CRYPTO: BTC），其價值約爲657億，理由是資產的價格波動性。
Also Read: Gary Gensler Says 10,000-15,000 Projects Won't Survive, Crypto Market Is 'Wrapped Up In Sentiment'
另見報道：加里·根斯勒表示，有10,000到15,000個項目不會存活，數字貨幣市場「被情緒所包圍」。
Why It Matters: This decision comes despite President-elect Trump's support for cryptocurrencies and his opposition to the government selling its Bitcoin reserves.
重要性：這一決定是在當選總統特朗普支持數字貨幣並反對政府出售其比特幣儲備的背景下作出的。
Noted Bitcoin critic Peter Schiff suggested the move is the Biden administration preemptively selling off the government-owned Bitcoin holdings ahead of the incoming administration.
著名比特幣批評者彼得·希夫建議，這一舉動是拜登政府在新一屆政府上任前，先行出售政府持有的比特幣資產。
He believes this is a move to undermine Trump's stance on digital assets, who was opposed to the selling of Bitcoin but did not promise to buy more.
他認爲這是削弱特朗普對數字資產立場的一種手段，特朗普反對出售比特幣，但並沒有承諾要買入更多。
The U.S. government holds 198,109 BTC, currently valued at $18.6 billion.
美國政府持有198,109個比特幣，目前價值約爲186億。
This news has sparked fears of a major market downturn, with Bitcoin trading at $92,500, down 3.5% over the past 24 hours.
這一資訊引發了市場重大下跌的擔憂，比特幣交易價格爲92,500美元，過去24小時下跌了3.5%。
Still, Kun pointed out that these large-scale sales are often absorbed by the market over time, especially when the fundamental factors driving the demand for Bitcoin remain unchanged.
然而，Kun指出這些大規模的賣出通常會隨着時間被市場吸收，特別是在推動比特幣需求的基本因素保持不變時。
The analyst argues that fluctuations may trigger liquidations of over-leveraged positions, particularly in futures and options contracts.
分析師認爲波動可能會觸發對高槓杆頭寸的強制平倉，特別是在期貨和期權合約中。
Thus, the initial impact may disproportionately affect traders using high leverage, who can quickly find their positions wiped out in such volatile conditions.
因此，初始影響可能會對使用高槓杆的交易者產生不成比例的影響，他們在如此波動的情況下很快就會發現自己的頭寸被清除。
Kun emphasized that spot holders, who own the actual Bitcoin rather than leveraged contracts, are not exposed to the same risks and are not subject to such liquidation events.
Kun強調，持有現貨的投資者，即擁有實際比特幣而不是槓桿合約的投資者，並不面臨同樣的風險，也不受這種強制平倉事件的影響。
- $92,000 Is Bitcoin's Key Support — Here's What Top Analyst Says Will Happen If It Fails
- $92,000 是比特幣的關鍵壓力位——頂級分析師表示如果突破將發生什麼
Image: Shutterstock
圖片：Shutterstock
