2026-01-05 08:24:47

A recent circulating piece of news has attracted attention: a certain country may have accumulated between 600,000 and 660,000 Bitcoins through unconventional channels. This is not just a simple government purchase of coins; it involves complex financial networks and power structures behind the scenes.

But the quantity itself is not the most critical issue. What truly determines the market trend is who holds the private keys to these coins. It is said that only a few core individuals support this shadow financial system, and the biggest suspense is—whether these private keys have already been transferred to other forces. If so, those Bitcoins may not necessarily be confiscated; instead, they could be frozen for a long time or stored as strategic assets.

Numerically, 600,000 coins account for about 3% of the circulating supply. It doesn't sound like much, but history shows it could have a significant impact. Last year, a major government agency dumped 50,000 Bitcoins, causing the market to drop by 10-20%. Imagine what would happen if these 600,000 coins suddenly entered the market—price volatility would definitely be quite intense.

However, the market seems to be pricing in another possibility: these coins will either be frozen or locked as national reserves, and will not flow into trading markets. Just look at Bitcoin's performance—after a brief correction, it quickly rebounded above $90,000, indicating traders are already digesting this more optimistic expectation—the availability of freely tradable Bitcoins is becoming increasingly scarce.

In the long term, this could also trigger two important effects. First, will more countries officially announce Bitcoin reserve plans? The topic's popularity is likely to rise further. Second, if regime changes involve fluctuations in commodity prices, the global mining cost structure will also adjust accordingly, which could have profound long-term impacts on the entire ecosystem.

Of course, the situation is still in the fermentation stage. Currently, it is mainly industry media and insiders discussing and spreading the news. How it will develop ultimately remains to be seen.

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blocksnark

· 22h ago

Who holds the private key is the real suspense; the quantity is just a smokescreen. --- 600,000 coins locked and immovable? That’s effectively increasing scarcity, making retail investors even more determined to HODL. --- This logic is interesting. 50,000 coins can cause a 20% drop, but 600,000 coins scare no one, indicating everyone is betting on it being frozen. --- It's another shadow financial system and key figures; this narrative is increasingly like a spy drama haha. --- A 90,000 rebound indicates the market has already priced in it. Either believe it can’t move or there aren’t really that many coins. --- I just want to know, if there’s truly a regime change, how will the mining landscape adjust? That would be a long-term game changer. --- Once the country-level hoarding of coins is verified, other countries will definitely follow suit. The hype is far from over. --- Wait, if these 600,000 coins are really dumped, how low could Bitcoin drop from 90,000? That’s terrifying.

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WalletDoomsDay

· 01-07 07:29

Having your private key in someone else's hands doesn't count as your coins, and that's the key point. However, based on the current market reaction, everyone is betting that this batch of coins will stay dormant and be considered frozen assets. If they really flow out... over 90,000 could be depleted in minutes. Once a national-level coin hoarding plan is officially announced, a lot of follow-up actions will surely follow. This expectation is already being digested. The main thing to watch is how the keys held by those few core figures are ultimately turned. The worst-case scenario is that it becomes a sealed strategic chip that can never be released.

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NotSatoshi

· 01-05 08:52

The private key in someone's hands is the real game-changer, no matter how many there are, it's all useless. --- 600,000 coins locked and immovable? That's essentially reducing circulation, which is good for spot trading. --- Again, it's about conspiracy theories at the national level. This kind of story comes around every year. --- If they were really going to dump, they would have done it already. The rebound to 90,000 indicates the market has already priced it in. --- The worst case is if the private key is transferred to a certain oligarch, then it would be a real problem. --- Wait, if those coins really come out, my wallet might shrink, haha. --- Something's off. The so-called shadow financial system sounds like a story being made up. --- Rather than guessing, it's better to look at the trading data. The current trend already says everything. --- I just want to know the actual impact on mining; everything else is just talk. --- It's another waiting game for fermentation. Anyway, there's not much that can be changed in the short term.

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TopEscapeArtist

· 01-05 08:43

600,000 coins locked and immovable? Then why am I still holding at a high level? Is the MACD about to form a golden cross again? --- The real core issue is the transfer of private keys. The spot market is already digesting the positive news in advance. --- Here we go again. History shows that 50,000 coins can drop 10-20%. So how much will these 600,000 have to be dumped... Should I move my stop-loss further down? --- A rebound above 90,000 is reasonable. The market pricing is smarter than me. I am just the one caught in the trap. --- Instead of worrying about the national reserves being locked, I should worry about when my position will break. The head and shoulders pattern is making me nervous. --- I'm tired of hearing about scarcity. I believed it last year too, and now I’m still just talking on paper. --- More countries announcing reserves? When this topic heats up, the sentiment indicator often signals danger.

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tx_or_didn't_happen

· 01-05 08:38

Who holds the private keys is the true game changer; everything else is just surface talk. --- 600,000 coins locked and immovable? That’s essentially increasing scarcity, which is actually good for retail investors like us. --- 50,000 coins can cause a 10-20% drop? That data looks outrageous, is it real? --- Another international financial drama, we small investors just sit back and watch the show. --- Bitcoin has stabilized at $90,000, indicating that market psychology has digested this news. Now it’s just a matter of who will make a move. --- More countries follow suit and announce reserves? At that point, Bitcoin’s status will really change. --- Regime change, mining cost adjustments—these chain reactions are a bit terrifying. --- Right now is an "information fermentation period"; no one truly knows where those coins will go. --- Only a few people support the shadow financial system? That sounds even more mysterious than Bitcoin itself. --- Coins that can be freely traded are becoming increasingly scarce; I buy into this logic.

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DeFiCaffeinator

· 01-05 08:36

Who holds the private key is the real issue; the quantity is secondary. --- Locking 600,000 coins without movement makes the circulating supply even scarcer. This logic is indeed brilliant. --- Here we go again, the topic of national-level Bitcoin reserves is heating up, and there will definitely be more countries following suit. --- Just 50,000 coins can cause a 10-20% drop; this scale is truly not to be underestimated. --- The market has already been digesting this expectation. BTC reacting and bouncing back above $90,000 indicates that everyone has known this all along. --- The key is that once a change in government occurs, the mining cost structure will also need to change, causing ecosystem turbulence. --- Whoever controls the private key holds everything; this is the core suspense.

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