Cryptocurrency analytics company CryptoQuant did just that opinion The potential selling pressure that would stem from the possibility of the US government selling Bitcoins linked to the Silk Road would have a fairly minimal impact on the market in the long term.

He pointed to the fact that Bitcoin's realized cap, the metric that shows the value of all coins at the price when they were last transferred on-chain, currently stands at $381.7 billion. The potential selling pressure for Silk Road-related currencies is $6.5 billion, meaning the long-term impact of such a sell-off would not be significant.

The sale will also have little impact on the market in the short term if these coins are sold via an over-the-counter (OTC) desk.

However, if transactions are made through exchanges, they will have a noticeable impact on the market.

like Reported by U. Todaythe US government recently obtained a court order enabling the liquidation of a total of 67,000 coins delivered by “Individual since.

In November 2020, the US government said it had filed a civil suit to seize several thousand bitcoins associated with “Individual X.” This was the largest seizure of cryptocurrencies by the government to date.

Recently, the court ruled against some claimants who were trying to get the government to reveal the identity of the hacker.

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