Bitcoin crashes to $65K as government announces strategic reserve plan — buy the dip on official demand
Bitcoin just crashed to $65,000, wiping out billions of dollars from leveraged traders who were forced to sell. However, the US Treasury Secretary just confirmed the government is moving forward with plans to create a strategic national Bitcoin stockpile.
Idea
Bitcoin recently crashed to $65,000, a sharp drop that usually happens when overconfident traders using borrowed money are forced to sell everything at once. These sudden crashes often clear the way for a rebound once the panic selling is over. What makes this drop different is that the US Treasury just publicly confirmed it is actively working to build a government strategic reserve of Bitcoin. If the biggest economic power in the world starts buying Bitcoin as a national asset, it could act as a massive safety net for the price. Buying near this $60,000-$65,000 support zone offers a strong reward-to-risk setup.