Heads up, the U.S. government just moved over $100 million in seized assets. We saw 833.599 $BTC worth $71.6 million sent to Coinbase Prime, linked to the Bitfinex and Potapenko-Turogin cases. They also shifted 40,285 $BNB, roughly $31.6 million, from the Alameda Research seizure. While a sale hasn't been confirmed and a 2025 executive order suggests a move toward a strategic reserve, these transfers usually trigger caution.
BTC is hovering at $83,737, down -2.71% today. We're currently trading under the daily MA20 of $84,224 with an RSI at 46. The government still holds roughly $27.5 billion in crypto, so these flows matter for liquidity. With 58.6% of accounts on Binance futures currently long, any sign of actual selling could test the weekly low near $83,186. I'll be watching to see if this is just custody management.
Watch the flow, not the noise.
Source: CoinDesk, Unchained, The Cryptonomist
$NEAR
BTC is hovering at $83,737, down -2.71% today. We're currently trading under the daily MA20 of $84,224 with an RSI at 46. The government still holds roughly $27.5 billion in crypto, so these flows matter for liquidity. With 58.6% of accounts on Binance futures currently long, any sign of actual selling could test the weekly low near $83,186. I'll be watching to see if this is just custody management.
Watch the flow, not the noise.
Source: CoinDesk, Unchained, The Cryptonomist
$NEAR