🚨 UNCLE SAM MOVES $103M IN CRYPTO 👀
US government wallets just sent $71.56M in seized $BTC and $31.63M in $BNB to Coinbase Prime, per on-chain data from Oct 7.
Before panic sets in: a Coinbase Prime deposit does not equal a sale. The Marshals Service uses it for custody and trading, and no official disposition has been announced. Strategic Bitcoin Reserve rules also bar sales except in narrow legal exceptions.
But the timing is hard to ignore. BTC is hovering near $83K after getting rejected at $86K, BNB sits around $770, and the market is reading this as potential sell pressure. Watch the wallets.
Routine housekeeping, or is Washington about to lighten its bags? 👇
Not financial advice. DYOR.
#crypto #Bitcoin #BNB #GovernmentBTC #Coinbase
US government wallets just sent $71.56M in seized $BTC and $31.63M in $BNB to Coinbase Prime, per on-chain data from Oct 7.
Before panic sets in: a Coinbase Prime deposit does not equal a sale. The Marshals Service uses it for custody and trading, and no official disposition has been announced. Strategic Bitcoin Reserve rules also bar sales except in narrow legal exceptions.
But the timing is hard to ignore. BTC is hovering near $83K after getting rejected at $86K, BNB sits around $770, and the market is reading this as potential sell pressure. Watch the wallets.
Routine housekeeping, or is Washington about to lighten its bags? 👇
Not financial advice. DYOR.
#crypto #Bitcoin #BNB #GovernmentBTC #Coinbase