U.S. government moves more than $1.54B in BTC to Coinbase Prime as Bitcoin slips 6.9%

AI Market Summary

On-chain data indicate the U.S. government transferred ~17,733 BTC plus 750 WBTC (over $1.54B total) to Coinbase Prime over three days, coinciding with a 6.9% BTC decline. Movement to a major exchange prime broker is typically interpreted as increasing near-term supply overhang and liquidation risk, weighing on crypto risk sentiment and raising volatility expectations.

Impact level

● High

Affected assets

BTC/USDT-0.55%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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On-chain data tracked by analytics service Lookonchain (@lookonchain) shows the U.S. government transferred 17,733 BTC (about $1.48 billion) and 750 WBTC (about $62 million) to Coinbase Prime over the past three days, for a combined value exceeding $1.54 billion. Over the same period, Bitcoin fell 6.9%.

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