Recently, I came across a pretty absurd claim: that this wave of BTC decline is because the Prince Group's 120,000 coins were confiscated by the US? Some even say the decentralized myth is about to be shattered, and Bitcoin is going to zero?

I'm truly speechless. The logic is like saying the supermarket is out of stock because Old Wang next door bought two bags of rice.

If Bitcoin could really collapse because of crackdowns on black-market activities, it would have been wiped out back when Silk Road was shut down, right? The US, UK, and other countries have confiscated thousands of coins over the years—probably not less than 8,000—so what’s the result? It still rises or remains bullish. This isn’t about "money laundering channels being blocked."

Frankly, this round of sharp decline has two reasons: global liquidity tightening and institutional funds withdrawing. That’s it.

Market volatility is normal, but don’t jump to conspiracy theories about everything. To analyze the market properly, you need to look at macro fundamentals and capital flows, not just focus on a single event and imagine causal links.

BTC-3.14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

NewPumpamentals

· 17h ago

Starting to make up stories again, really daring to shift all the blame --- Can 120,000 coins crash the market? Then I’ll just laugh, back when the Silk Road was still active --- Tightening liquidity is the real factor, stop always looking for conspiracies --- This kind of logic is like saying a big drop is because Uncle Li sold some coins, hilarious --- Not understanding the macro situation and blindly creating causal links, the waters are too deep --- Conspiracy theories are really over the top, you should look at the funding situation --- Institutional withdrawal is the main event, everything else is just seasoning --- Bitcoin has been around for so many years, haven’t seen anything, can this little thing really break through? --- Stop daydreaming all the time, just look at the K-line to see who is dumping --- Tight liquidity is the real killer move, not some coin confiscation

View OriginalReply0

MetaverseHobo

· 17h ago

Here it comes again, this kind of chain reaction of absurd reasoning really needs to stop.

View OriginalReply0

DeFiDoctor

· 17h ago

The diagnosis record shows yet another typical case of "single event overdiagnosis syndrome." 120,000 coins? Laughable, this small scale has barely any clinical manifestations to impact the market. The real cause of the problem should be found from liquidity indicators and symptoms of capital outflow, not from obsessing over news headlines and hypothesizing pathology. The "health assessment report" for this drop has long been laid out — global tightening cycle + institutional withdrawal, just these two points are enough to explain everything. It is advisable for such opinions to regularly review their analytical framework.

View OriginalReply0

MiddleBrother