The Block: U.S. government-linked wallets send 17,733 BTC and 750 ETH to Coinbase Prime in three days

AI Market Summary

Lookonchain reports U.S. government-linked wallets deposited 17,733 BTC (~$1.48B) and 750 ETH (~$62M) into Coinbase Prime over three days. Transfers to a prime broker venue typically signal potential distribution and increase near-term supply overhang, especially given Arkham-labeled holdings of ~$25.3B in BTC remaining. The flow is likely to weigh on crypto risk sentiment and short-term liquidity conditions.

Impact level

● High

Affected assets

BTC/USDT-0.11%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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U.S. government-linked wallets have transferred 17,733 BTC ($1.48 billion) and 750 ETH (0x2260fac5e5542a773aa44fbcfedf7c193bc2c599), worth about $62 million, to Coinbase Prime over the past three days, according to Lookonchain. Arkham's wallet labels show the addresses still hold roughly $25.4 billion in crypto, including $25.3 billion in bitcoin.

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