- Bitcoin Drops 11% After Trump’s Order: Strategic Reserve Sparks Massive Sales and Short-Term Liquidations.
- “Fort Nakamoto” to House 200,000 Seized BTC; Lutnick Seeks Non-Public Fund Methods to Accumulate.
Samson Mow, addressed the recent drop in Bitcoin’s price following the establishment of the U.S. Strategic Bitcoin Reserve (SBR). In a social media post, Mow analyzed factors behind the decline, which occurred after former President Donald Trump signed an executive order to create the SBR on Thursday.
— Samson Mow (@Excellion) March 10, 2025
Bitcoin’s price fell 11.28% between Friday and Sunday, dropping from $90,470 to $80,270. A brief recovery of over 4% on Sunday was reversed by Monday, returning to the $80,270 level.
Mow cited multiple reasons for the downturn, emphasizing that declining prices occur when “people are willing to sell BTC for cheaper and cheaper.” Contributing factors include market sentiment, unexpected global events, automated sell-offs triggered by price thresholds, and traders capitalizing on news-driven hype.
Mow described the SBR as a “complete game-changer,” comparing it to “Fort Nakamoto” — a nod to Fort Knox, the U.S. gold depository. The U.S. government currently holds approximately 200,000 Bitcoin, seized from criminal operations over the past decade.
An audit will determine the exact amount stored in the SBR. Howard Lutnick, U.S. Secretary of Commerce, is tasked with devising methods to expand these holdings without using public funds.
The SBR exclusively includes Bitcoin, while other cryptocurrencies such as Cardano (ADA), Solana (SOL), XRP, and Ethereum (ETH) are stored in a separate national reserve. Mow anticipates other countries may follow the U.S. in accumulating Bitcoin if the SBR gains traction.
Despite the price drop, Mow reiterated Bitcoin’s role as a long-term reserve asset. He noted that market reactions to policy announcements often involve short-term volatility, as seen in the “sell the news” pattern, where traders exit positions after anticipated events.
The U.S. government’s approach to Bitcoin contrasts with its handling of other digital assets, underscoring Bitcoin’s unique position in regulatory frameworks. ETHNews analysts observe that while the SBR’s creation introduces institutional credibility, its immediate market impact has been overshadowed by broader trading behaviors.
Mow’s comments highlight the interplay between policy developments and market psychology. As the U.S. formalizes its Bitcoin strategy, global responses and ongoing price trends will likely shape the asset’s adoption trajectory. The SBR’s long-term influence remains contingent on execution and international engagement.
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