๐จ U.S. GOVERNMENT-LINKED WALLETS MOVE OVER $100M IN BTC & BNB
U.S. government-linked crypto wallets moved more than $100 million worth of Bitcoin and BNB, putting the market on alert.
According to blockchain intelligence data from Arkham, approximately 833.6 BTC worth $71.6 million was transferred to two unlabeled addresses before the Bitcoin moved toward addresses identified as Coinbase Prime deposits.
At the same time, another government-linked wallet transferred around 40,285 BNB worth $31.63 million between unlabeled addresses.
The Bitcoin reportedly included assets connected to forfeited funds and the Bitfinex hack case, adding another layer of attention to the movement.
But there is one important point:
These transfers have NOT been confirmed as sales.
So far, this looks like a significant movement of government-controlled crypto rather than confirmed market selling.
The market will be watching the next wallet movements closely.
#Bitcoin #BNB #Crypto #Binance #BTC
U.S. government-linked crypto wallets moved more than $100 million worth of Bitcoin and BNB, putting the market on alert.
According to blockchain intelligence data from Arkham, approximately 833.6 BTC worth $71.6 million was transferred to two unlabeled addresses before the Bitcoin moved toward addresses identified as Coinbase Prime deposits.
At the same time, another government-linked wallet transferred around 40,285 BNB worth $31.63 million between unlabeled addresses.
The Bitcoin reportedly included assets connected to forfeited funds and the Bitfinex hack case, adding another layer of attention to the movement.
But there is one important point:
These transfers have NOT been confirmed as sales.
So far, this looks like a significant movement of government-controlled crypto rather than confirmed market selling.
The market will be watching the next wallet movements closely.
#Bitcoin #BNB #Crypto #Binance #BTC