🚨 JUST IN: The U.S. government just moved $103.2 MILLION worth of seized Bitcoin and BNB.
And traders are watching closely.
34 BTC worth $71.56M linked to the FTX and Bitfinex cases was transferred to Coinbase Prime.
Another 40,285 BNB worth $31.63M moved to a fresh wallet.
Naturally, selloff fears are heating up.
But there’s an important detail most people are missing:
These transfers represent less than 1% of the government’s estimated $27.5 BILLION crypto holdings.
That makes routine custody management far more likely than an immediate $103M market dump.
Still, timing matters.
Bitcoin has already fallen below $84,000, adding another layer of fear for traders.
The real question now:
Is this just wallet management Or the beginning of something bigger?
Watch the government wallets.
#Bitcoin #Crypto #BTC #BNB #CryptoNews $BNB
And traders are watching closely.
34 BTC worth $71.56M linked to the FTX and Bitfinex cases was transferred to Coinbase Prime.
Another 40,285 BNB worth $31.63M moved to a fresh wallet.
Naturally, selloff fears are heating up.
But there’s an important detail most people are missing:
These transfers represent less than 1% of the government’s estimated $27.5 BILLION crypto holdings.
That makes routine custody management far more likely than an immediate $103M market dump.
Still, timing matters.
Bitcoin has already fallen below $84,000, adding another layer of fear for traders.
The real question now:
Is this just wallet management Or the beginning of something bigger?
Watch the government wallets.
#Bitcoin #Crypto #BTC #BNB #CryptoNews $BNB
