The US Department of Justice (DOJ) is poised to auction off $6.5 billion worth of Bitcoin seized from Silk Road. The decision follows a Dec. 30 court ruling, concluding a protracted legal battle over ownership of this BTC.
I find it awfully interesting and convenient that market makers pumped the market to key liquidity levels to start January, giga dumped without breaking bullish structure, and have deployed a massive FUD storm to begin Q1.
In my experience of trading the crypto markets for almost 5 years now, it has NEVER been a good decision to sell during these kinds of conditions.
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