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TechFlow reports, according to lookonchain monitoring, that a U.S. government address transferred 15,940 BTC (worth $966.4 million) to Coinbase Prime via three transactions this year. In the three days following each of the first two transfers, BTC price dropped approximately 5%.
Earlier today's news, an address that previously received BTC from the U.S. government transferred 10,000 BTC to Coinbase Prime this morning.
According to lookonchain monitoring, a U.S. government address transferred 15,940 $BTC (966.4 million USD) to Coinbase Prime via three transactions this year. In the three days following the first two transfers, $BTC price dropped approximately 5%. Earlier today, an address previously receiving BTC from the U.S. government transferred 10,000 BTC to Coinbase Prime.
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