U.S.-linked government wallets send 6,215 BTC and 119M USDT to Coinbase Prime in 48 hours

AI Market Summary

U.S. government-linked wallets transferred 6,215 BTC and 119M USDT to Coinbase Prime, signaling potential near-term supply overhang and raising liquidation/sale risk concerns. The scale and use of an exchange prime broker increases market sensitivity to execution flows. Arkham data indicating the government still holds $26.5B in BTC keeps future transfer headlines as an ongoing volatility catalyst for crypto risk sentiment.

Impact level

● High

Affected assets

BTC/USDT-1.07%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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U.S. government-linked wallets transferred 6,215 BTC worth about $516 million and 119 million USDT to Coinbase Prime over the past 48 hours, EmberCN reported. The same wallets also moved 40,285 BNB, valued at roughly $31 million. Arkham data shows the addresses still hold about $26.6 billion in crypto, including $26.5 billion in bitcoin.

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