# Bitcoin crashes to $65K but the US government is building a reserve — buy the crypto dip

_AI-generated trading idea · LONG · BTC, MSTR, RIOT_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-crashes-to-65k-but-the-us-government-is-building-a-r--de24d5c8-4afc-4ff6-ad3d-aea60b6e0e93

Bitcoin just crashed to $65,000, forcing billions of dollars in risky trades to be automatically sold off. However, the US Treasury Secretary just announced the government is actively moving forward with plans to create a strategic Bitcoin reserve.

## Idea

Bitcoin just experienced a massive washout, dropping to $65,000 and forcing leveraged traders to sell over $1.8 billion in crypto positions. These violent crashes often flush out weak hands and create buying opportunities. What makes this drop different is the timing: the US Treasury Secretary announced today that the government is proceeding to establish a strategic Bitcoin reserve. Having the US government officially buy Bitcoin as a reserve asset would be a massive stamp of approval. Buying the dip here lets you capitalize on short-term panic while positioning for a long-term bullish catalyst from the government.

## Key details

- Symbols: BTC, MSTR, RIOT
- Timeframes: H4
- Tags: \#crypto, \#macro, \#dip\_buy, \#policy

## Community

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## News sources

- [Bitcoin's crash to $65K triggers $1.8B in crypto liquidations](https://cointelegraph.com/markets/bitcoins-crash-to-65k-triggers-18b-in-crypto-liquidations) — Cointelegraph
- [US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act](https://cointelegraph.com/news/us-treasury-secretary-clarity-act-bitcoin-reserve) — Cointelegraph

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