China wey dem dey sell Bitcoin potopoto fit cause serious price drop even with the official crypto ban
Tori dey say China government dey sell off about 194,000 Bitcoin wey dem seize from court cases, through private people. This secret way dem dey do am na to bypass China ban on top cryptocurrency trading, dem dey take advantage of legal loopholes and offshore exchanges. The sales fit don raise about $400 million for local government budgets, wey dem change to yuan. Market analyst Leviathan dey warn say this one fit make Bitcoin price fall reach $40,000. But, things like plenty money for world market and big companies dey adopt am fit reduce how far the price go fall. The situation dey show say people dey call for better regulation to handle how dem no dey check and how things no dey clear, especially for third-party brokers wey dey help dem sell the Bitcoin.
Bearish
Di tori wey dey seh China dey secretly sell Bitcoin fit push Bitcoin price down well well because of how much dem dey sell and how e fit scatter market. Market analyst Leviathan talk say price fit drop reach $40,000, but if global liquidity dey increase and more companies dey accept am, e fit help balance am. For past, if plenty people dey sell or dem wan sell plenty Bitcoin, e dey make price drop. As e be now, e be like market go dey down for short time, and people wey dey market no go like am. But for long time, if companies dey show interest and economy dey move well, e fit no affect am too much.