The U.S. government has moved roughly $103 million in crypto, transferring 833.6 $BTC worth about $71.56 million and 40,285 $BNB worth around $31.63 million.
All BTC was moved to Coinbase Prime, while the BNB took a more complex route through several transactions before reaching an unlabeled address.
Market attention will likely focus on the Coinbase Prime transfer, although an on-chain deposit does not necessarily mean the BTC was sold.
U.S. government-linked wallets still hold roughly $28 billion in crypto, including about 324,000 BTC, so this transfer represents a small portion of its holdings.
The next wallet movements will provide more context on whether the BTC is being prepared for a sale or simply moved for custody and asset management.
#BTC Correction Incoming?# #BNB Chain#
All BTC was moved to Coinbase Prime, while the BNB took a more complex route through several transactions before reaching an unlabeled address.
Market attention will likely focus on the Coinbase Prime transfer, although an on-chain deposit does not necessarily mean the BTC was sold.
U.S. government-linked wallets still hold roughly $28 billion in crypto, including about 324,000 BTC, so this transfer represents a small portion of its holdings.
The next wallet movements will provide more context on whether the BTC is being prepared for a sale or simply moved for custody and asset management.
#BTC Correction Incoming?# #BNB Chain#