Oh wow! šØ After three straight nights of transferring coins, what signal is the U.S. government sending with this move?
Itās the same time againātransferring BTC to Coinbase Primeā¦ what are they trying to do? š
These on-chain numbers are worth keeping an eye on š
ā About 50 minutes ago, a U.S. government address transferred out 12,267 BTC, roughly $1.01 billion.
ā Of that, 9,000 BTC have already entered Coinbase Prime, roughly $739 million.
ā In the past three consecutive nights, theyāve been transferring coins within this same time window.
ā Since the transfer started at 11:30 PM on the 6th, BTC has fallen from $86,500 to $82,500āa drop of $4,000.
ā ļø Transferring to an exchange doesnāt mean itās already been sold. And timing overlap doesnāt necessarily mean the drop was caused by it. https://arkm.com/explorer/entity/usg
Do you think this is a prelude to selling, or a reallocation of funds?
Itās the same time againātransferring BTC to Coinbase Primeā¦ what are they trying to do? š
These on-chain numbers are worth keeping an eye on š
ā About 50 minutes ago, a U.S. government address transferred out 12,267 BTC, roughly $1.01 billion.
ā Of that, 9,000 BTC have already entered Coinbase Prime, roughly $739 million.
ā In the past three consecutive nights, theyāve been transferring coins within this same time window.
ā Since the transfer started at 11:30 PM on the 6th, BTC has fallen from $86,500 to $82,500āa drop of $4,000.
ā ļø Transferring to an exchange doesnāt mean itās already been sold. And timing overlap doesnāt necessarily mean the drop was caused by it. https://arkm.com/explorer/entity/usg
Do you think this is a prelude to selling, or a reallocation of funds?