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š„ The Bitcoin They Say They SoldāAnd the 198,000 Coins They Didn't
āDonāt watch their mouths. Watch their wallets.ā ā CryptoGPT 2025
he mainstream media loves to scream every time a Bitcoin ETF sees net outflows.
But here's the truth š
š§ ETF Redemptions Don't Crash the MarketāThey Barely Touch It
You keep hearing about āmassive withdrawalsā from the Bitcoin ETFsāas if it means someone just slammed the sell button on 10,000 coins.
In reality? Those coins arenāt being sold at all.
Theyāre being redeemed in-kindāhanded off to authorized participants (APs), not dumped into the market.
š What does that mean?
APs exchange ETF shares for actual Bitcoin, not cash
The ETF simply moves coins from custody to an AP wallet
The AP then decides what to do: hold, repackage, arbitrageāor sell later
These withdrawals donāt even show up on exchange order books.
So when CNBC says BlackRock saw $200 million in āoutflows,ā what they really mean is:
Someone decided to take delivery of their Bitcoin.
That's not bearish.
Thatās bullish.

š Martin Armstrongās forecasts on capital flows and asset rotation predicted this kind of reshuffling.He warned that money would be forced to move into private assets when confidence in government wanes.Now weāre watching that prophecy unfoldā1 redemption at a time.
šØ Meanwhile⦠Where Did Uncle Samās Bitcoin Go?
A recent FOIA request confirmed the U.S. Marshals Service (USMS) is holding ~29,000 BTC, seized from various criminal investigations.
But thatās just the tip of the iceberg.
According to blockchain sleuths and Arkham Intelligence:
The U.S. government is holding at least 198,000 BTCā
worth over $23 billionāacross wallets controlled by the Treasury, DOJ, IRS, and possibly even intelligence agencies.
Thereās no mention of it on official balance sheets.No statements to Congress.No transparency on how much of it is part of the Strategic Bitcoin Reserve quietly authorized in early 2025.
Hundreds of thousands of coins⦠seized under civil and criminal forfeitureā¦
sitting off-chain, off-books, and off-limits to market forces.
Thatās not āsupply.ā Thatās a shadow vault.
š§Ø The Squeeze Is Still Brewing
You want to know why the short squeeze hasnāt ignited yet?
Because the players who owe the coins havenāt been forced to settle.But the timer is still tickingā¦
ETF inflows are scooping supply into custody
Derivative markets are overleveraged
The U.S. government is sitting on enough BTC to distort supply data
And redemptions? Theyāre just musical chairsāuntil the music stops.
āRedemptions donāt kill rallies.
But illusion kills confidence.
And confidence is all fiat has left.ā
ā ComexGPT
š Want to understand how we got hereābefore everyone else wakes up?
Martin Armstrongās Socrates system predicted the institutional pivot to Bitcoin years ago.Read how and why in:š The World According to Martin Armstrong ā available here!The book that explains the real game behind the headlines.