U.S. government moves $1.542B in BTC and WBTC to Coinbase Prime over three days as Bitcoin slides 6.9%

AI Market Summary

On-chain monitoring indicates the U.S. government transferred ~17,733 BTC ($1.48B) plus 750 WBTC ($62M) to Coinbase Prime over three days, coinciding with a 6.9% BTC decline. Movements of seized government holdings to a major exchange are typically interpreted as potential supply overhang and can weaken near-term positioning, increasing volatility and tightening liquidity conditions across crypto risk assets.

Impact level

● High

Affected assets

BTC/USDT-0.55%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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Odaily Planet Daily, citing Lookonchain data, said the U.S. government transferred 17,733 BTC valued at about $1.48 billion and 750 WBTC worth roughly $62 million to Coinbase Prime over the past three days. Bitcoin fell 6.9% over the same period.

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