There’s a thought that hasn’t been brought up much, even though, to me, it feels obvious. If the DOJ really plans to sell $6.5 billion worth of $BTC, that’s an enormous weight on the market. For context, the entire publicly announced fundraising effort by Michael Saylor is only $2 billion. These numbers are simply incomparable.

Of course, the DOJ won’t dump all that Bitcoin in a single day. This process will stretch over weeks, maybe even months. But as long as this supply remains on the market and continues to be sold, major speculators won’t rush to buy. They’ll likely wait for the bulk of the supply to be absorbed to avoid being caught in a market still under heavy pressure.

Additionally, the Federal Reserve has already signaled that it doesn’t plan to create a Bitcoin fund. This means there’s no institutional safety net for the market.

On one hand, such news amplifies fear and hesitation; on the other hand, it sends a clear signal to smaller players: when the market is weak, it’s better to stay on the sidelines or proceed with extreme caution.

That said, it’s crucial to understand that this sell-off could mark the beginning of a new market cycle. History has shown time and again that when large holders start offloading such volumes, accumulation eventually follows. The market gradually absorbs the supply, and prices begin to rise. The only question is how long we’ll remain in this selling phase and how deep the market might drop in the meantime.

Right now, we’re in a challenging period, but that doesn’t mean losing faith in Bitcoin’s long-term potential. If anything, this feels like the calm before the next big move—though it’s hard to predict how long it will take.