Excavation qualifiers approximately $ 1 billion, while Scott Payette reviews the Bitcoin position of the US Treasury star-news.press/wp

The cryptocurrency market has witnessed a contraction, with nearly one billion dollars in just 24 hours. This came after US Treasury Secretary Scott Besent shared an update on the future of government bitcoin possessions.

1 billion dollars to liquidate long strikes traders in the treasury treasury

according to Coinglass dataThe total qualifiers over the past day reached about 961 million dollars, with more long sites than others. From this, 821 million dollars came from decades with a decrease in bitcoin and other major encrypted currencies.

ETHEREUM contracts topped the list with $ 342 million in the liquidation, followed by Bitcoin for $ 162 million. Altcoins also witnessed heavy losses, as Solana recorded $ 61 million in the qualifiers, while XRP faced $ 55 million in the liquidation.

Analysts attribute Ethereum’s dominance in the qualifiers at its last height towards the high levels at all. This decline came after US Treasury Secretary Scott Payette participated that the United States has no plans to buy more bitcoin. However, it later retreated with comments that contradict the previous allegations.

Mixed signals with the government’s strategy contradict President Trump’s executive order in March 2025, which proves the strategic bitcoin reserves. It is worth noting that the former CEO of the US President’s Consultant Council on digital assets, Bo Heins, called For the aggressive accumulation of bitcoin through neutral budget strategies.

Scott Bessent sends mixed messages on the American strategic reserve plans

Scott Al -Rahman Check earlier The US Treasury will not buy an additional bitcoin for its strategic reserves. Instead, the reserve will continue to grow through the confiscated assets that have been seized in criminal and organizational procedures.

Bessent also revealed that the government will stop all bitcoin sales. This is also a reflection of previous practices that witnessed billions of dollars in BTC sold by previous departments. This reduction in the sale of bitcoin pressure may support the price of bitcoin in the long run.

However, the immediate market reaction was negative. BTC decreased for a short period of less than $ 120,000 After reaching a high standard level Above 124,000 dollars earlier in the day.

It was not long before, BESSENT confirmed that the US Treasury Department is still committed to exploring neutral budget methods to expand the reserve. This would fulfill Trump inherently to make the United States a “bone bitcoin power in the world”.

Bitcoin, which was recently lost to the federal government, will be the basis for the strategic Bitcoin reserve created by President Trump in his executive order in March.

In addition, the Treasury is obligated to explore neutral budget tracks to get more …

– Secretary of Secscottbssent August 14, 2025

BESSENT also dealt with the broader asset management strategies, including gold reserves. The United States has 261.5 million ounces of gold, at a value of $ 42.22 an ounce under the 1973 standard.

With the US Treasury Department, which carries one of the largest bitcoin stocks in the world, the pressure of the width side on BTC may reduce the medium term. In addition to the huge candidates a day, this shift on politics emphasizes an increased sensitivity to encryption markets to high -level government decisions.

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Michael Adelek

Michael Adeleke is an emotional encoding journalist known for dismantling the complex Blockchain concepts and market trends into clear and attractive accounts. He specializes in providing news in a timely manner and analyzing the sharp market that keeps encryption lovers on the science and pre -curve. Thanks to an engineering background and a certificate from the University of Ibadan, Michael brings the analytical depth and accuracy to each piece he writes.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

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