📉 Market shake-up: The U.S. government transfers 17,000+ BTC to Coinbase Prime
There is a storm in the crypto market again, and the trigger is not private whales or cybercriminals, but regulators. Over the past three days, the U.S. government has transferred more than 17,000 BTC (~$1.5 billion) to the Coinbase Prime institutional platform.
The transferred funds included 12,267 BTC, previously arrested in the Bitfinex case. Such transactions on exchange addresses are traditionally interpreted by the market as preparation for over-the-counter (OTC) or open sale, which immediately provoked a wave of fears.
There is a storm in the crypto market again, and the trigger is not private whales or cybercriminals, but regulators. Over the past three days, the U.S. government has transferred more than 17,000 BTC (~$1.5 billion) to the Coinbase Prime institutional platform.
The transferred funds included 12,267 BTC, previously arrested in the Bitfinex case. Such transactions on exchange addresses are traditionally interpreted by the market as preparation for over-the-counter (OTC) or open sale, which immediately provoked a wave of fears.