China Sells 194K Bitcoin Worth Nearly $20 Billion, Contradicting Treasury Claims

China has reportedly sold its entire stash of 194,000 Bitcoin (BTC), which was seized from the PlusToken scandal.

This information comes from CryptoQuant CEO Ki Young Ju, who stated that the sale contradicts previous claims by the Chinese government that the Bitcoin was transferred to the national treasury.

The offloading of this Bitcoin is estimated to be worth over $5 billion, significantly impacting the market. Despite this large-scale sale, Bitcoin prices remain near all-time highs, indicating a bullish sentiment among investors.

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