Lookonchain: U.S. government keeps shifting crypto, moves $566M in 10 hours including 4,632 BTC and 119M USDT

AI Market Summary

Lookonchain reports sizable U.S. government wallet movements totaling ~$566M, including 4,632 BTC and additional BTC later sent to Coinbase Prime. Transfers to an exchange-linked prime broker are typically interpreted as increasing near-term sell-side liquidity or hedging capacity. The scale and cadence of the moves can pressure crypto risk sentiment broadly, with BTC as the primary transmission channel.

Impact level

● High

Affected assets

BTC/USDT-1.28%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Lookonchain reports that the U.S. government continued moving crypto over the past 10 hours, transferring about $566 million in total. The transactions included 4,632 BTC worth $384.5 million, 119 million USDT, and 750 WBTC valued at $62.34 million. The report also says the U.S. government moved an additional 834 BTC ($71.56 million) and 40,285 BNB ($31.63 million) today. The 834 BTC was deposited to Coinbase Prime. Link:

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