What happened?
A LuBian-linked wallet moved about $1.3 billion in Bitcoin right after the DOJ revealed a separate $15 billion crypto seizure, lawmakers proposed making Bitcoin in 401(k)s permanent, and the market saw a $1.2 billion selloff followed by a quick rebound. Bitcoin is forming a triple-bottom pattern near $109,600 that analysts say could set up a breakout toward $130,000 in Q4. Meanwhile NFTs and crypto funds saw strong inflows, and new projects like Bitcoin Hyper are pitching faster Bitcoin-native apps on Solana.
Who does this affect?
This affects retail and institutional investors, from traders and NFT collectors to pension and 401(k) holders who could gain new access to crypto. Regulators and the U.S. government are involved too, since seized Bitcoin could be added to a strategic reserve and new laws would change retirement investing rules. Miners, exchanges, and fund managers also stand to feel the impact as flows, custody needs, and market structure evolve.
Why does this matter?
These events could shift market sentiment and liquidity â a $9.3 trillion 401(k) market allowing crypto could funnel billions into Bitcoin while DOJ actions and big wallet moves change perceived legitimacy and supply dynamics. The quick rebound after a $1.2 billion crash and $3.17 billion of inflows into crypto funds show resilience that can attract more institutional capital. If Bitcoin confirms the triple-bottom and breaks higher, that momentum plus new retirement demand could push prices toward the $120kâ$130k range and tighten volatility going into Q4.