China to Sell $1.2 Billion in Bitcoin: Will 15,000 BTC Crash the Crypto Market?
China is reportedly preparing to offload a massive trove of seized —15,000 BTC worth approximately $1.2 billion—on offshore exchanges. The move is aimed at injecting much-needed liquidity into local governments struggling with a deepening fiscal crunch. But the timing and scale of the sale could send shockwaves through global crypto markets. Since banning cryptocurrency trading…