Markets· ★★★★· bearish·

US Government Moves $71M Bitcoin Stash After 6-Week Silence

  • —833.6 BTC worth $71M moved — first transfer since Aug. 26
  • —Test transfer of 0.00115539 BTC to Coinbase Prime and 264.86 BTC to a new wallet
  • —40,285 BNB worth $31.63M also moved from forfeited FTX wallets
  • —US government still holds 323,693.83 BTC worth $27.72 billion
Why it matters: Transfers of seized coins often precede sales, potentially adding selling pressure on BTC.
Source: Bitcoin.com