Over the past three days, the U.S. government quietly moved 17,733 BTC ($1.48 billion) and 750 WBTC ($62 million) into Coinbase Prime.
Official line: Don’t worry, we’re just depositing some funds. We’re definitely not selling!
The market: Okay, I’ll panic on my own first, just in case I can’t react fast enough when you actually dump—after all, I have to perform this annual comedy, “We’re just making a deposit,” every year.
Official line: Don’t worry, we’re just depositing some funds. We’re definitely not selling!
The market: Okay, I’ll panic on my own first, just in case I can’t react fast enough when you actually dump—after all, I have to perform this annual comedy, “We’re just making a deposit,” every year.