The US government moved seized bitcoin all week, and the feed is bracing for a dump.
We dated every big deposit we could since 2023: five transfers of 3,800+ BTC into Coinbase, from the Silk Road coins to this July's batch.
30 days later BTC was higher in 4 of 5. Median +3.1%. The one miss was −1.4%, after the December 2024 deposit. The best, +28.6%, came in March 2023, when US banks were failing.
A deposit is not proof of a sale either: of the five, only the 2023 coins were confirmed sold. Five cases is a small sample, not a rule.
We dated every big deposit we could since 2023: five transfers of 3,800+ BTC into Coinbase, from the Silk Road coins to this July's batch.
30 days later BTC was higher in 4 of 5. Median +3.1%. The one miss was −1.4%, after the December 2024 deposit. The best, +28.6%, came in March 2023, when US banks were failing.
A deposit is not proof of a sale either: of the five, only the 2023 coins were confirmed sold. Five cases is a small sample, not a rule.