The U.S. government moved a large amount of BTC related to the Bitfinex hack case, but the funds flowed into unknown wallets rather than exchanges, with no signs of selling so far. The previous day, some BTC had been transferred to Coinbase Prime. In the short term, this looks more like wallet consolidation than selling. Watch to see whether the funds move to exchanges later.

#BTC #Bitfinex #On-chain data