FX168 Financial News (Asia Pacific) News On Thursday (January 9), the rebound of Bitcoin bulls was blocked, and the price once again fell to around 94,000 US dollars. US President-elect Donald Trump (Donald Trump) will be sworn into office in less than two weeks. US officials confirmed the important news that the US government has obtained permission to sell seized Silk Road bitcoins worth 6.5 billion US dollars. Markets are beginning to worry, and US President Joe Biden's administration will look for an opportunity to take action. #比特币最新消息 #

(Source: FX168)

According to the news aggregator DB News post, the US government has obtained permission to liquidate 69,000 bitcoins (worth 6.5 billion US dollars) seized from the “Silk Road” (Silk Road). An official confirmed the news to DB News.

(Source: Twitter)

DB News' Tier 10k wrote: “An official confirmed to DB News today that the US government has obtained permission to liquidate 69,000 bitcoins from the Silk Road. Less than two weeks until the new (Trump) administration took office, the situation became very interesting. The new administration vowed not to sell it.”

(Source: Twitter)

Of course, even with such a clear stance on crypto, the market still doesn't know if Trump will deliver on his promises in the end.

According to reports, a federal judge ruled on December 30, 2024 that the US Department of Justice can sell 69,370 bitcoins seized from the “Silk Road” dark web market. The Department of Justice is pushing for permission to sell assets, citing fluctuations in the price of Bitcoin.

When asked about next steps, a US Department of Justice spokesperson said, “The government will continue to advance the relevant steps based on the judgment in this case.”

Silk Road was once the most valuable e-commerce platform on the dark web. It was founded by Ross Ulbricht in 2011. The website was taken down by the US Federal Bureau of Investigation (FBI) in 2013 due to drug trafficking, while Ulbricht was jailed for life and cannot be paroled for crimes such as conspiracy to distribute drugs and conspiracy to launder money.

At the end of 2023, the US court decided to seize a huge amount of cryptocurrencies on the Silk Road, including 69,370 bitcoins, as well as other cryptocurrencies such as BITCOIN GOLD (BTG), BITCOIN SV (BSV), and BITCOIN CASH (BCH).

Bitcoin has lost more than $5,000 due to new concerns about the US macroeconomy. Spot sellers are in control, and on-chain analytics platform CryptoQuant warns that the “pressure” on global exchange Binance is increasing.

Contributor Darkfost wrote in his Quicktake blog post: “On Wednesday, the Binance exchange saw a sharp drop in net takers per hour, indicating a significant increase in selling pressure.”

“This figure peaked at -$-0.325 billion during the ISM PMI and Jolts job vacancy data release, the highest value in 2025, which indicates an unfavorable outcome for risk assets.”

(Source: CryptoQuant)

Trader Skew marked $95,000 as a key short-term level for the future. His latest analysis on Twitter stated: “At around the 1D low ($92000-88,000), buying liquidity was significantly buffered as demand increased.”

“Spot flow will be critical for the rest of the week, and $95,000 will be the key.”

(Source: TradingLite)

The attached image shows that there is plenty of liquidity awaiting the market in the Binance order book, and buyers are interested in the price of $88,000.

Trader Johnny was also one of those who predicted that the price would fall to this region, given what might happen in the next few weeks. He said, “I think it is very likely that such a move will be taken within the next 2-3 weeks before the inauguration.” He was referring to the beginning of Trump's term.

(Source: Trading View)