The US government created panic in the market by moving $2 billion worth of BTC assets. Bitcoin price declined throughout the day, falling from $70,000 at 13:15 UTC to $66,900 at 17:26 UTC. Arkham Intelligence reported that 29,799 BTC was moved to a new address. This move indicates that 10,000 BTC was deposited into an institutional service. The government still holds 183,439 BTC ($12.25 billion).