✉news BusinessCrypto first seen 4 d ago, last 3 d ago, peak #14
US Government Moves $770 Million in Bitcoin to Coinbase Prime
Original: US Government Moves $770M in Bitcoin to Coinbase Prime: Is BTC Facing a Massive Sell-Off?
The US government has transferred roughly $770 million worth of Bitcoin to Coinbase Prime, according to reports circulating in the crypto market. Large government transfers to exchanges are often read as a possible prelude to selling, and traders are debating whether this signals an imminent sell-off that could pressure Bitcoin's price or is merely routine wallet management.
Why now: Large government Bitcoin transfers have historically preceded market-moving sales, so traders fear a sell-off.
US GovernmentCoinbase PrimeBitcoin
Evidence
- US Government Moves $770M in Bitcoin to Coinbase Prime: Is BTC Facing a Massive Sell-Off? · Bitcoin Foundation
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