US government moves $165M in crypto in 24 hours, including 1,583.8 BTC to Coinbase Prime
- —US government address moved $165 million in crypto assets in 24 hours
- —1,583.8 BTC worth $134 million sent to Coinbase Prime
- —750.2 WBTC worth $62.34 million transferred to Coinbase Prime 15 minutes earlier
Why it matters: Government BTC transfers to an exchange custodian are typically read as preparation to sell and can weigh on prices.
Source: PANews