Regulation· ★★★★· bearish·

US Government-Linked Wallet Moves About $1 Billion in Bitcoin

  • —About $1 billion in Bitcoin moved from a US government-linked wallet
  • —The coins are tied to seizures in the Bitfinex hack case
  • —Arkham cannot distinguish a sale from a custody transfer
  • —Disposal orders and the Strategic Bitcoin Reserve are key factors
Why it matters: Traders are watching for potential selling pressure if the US government begins liquidating seized Bitcoin.
#BTC
Source: Bitcoin Magazine
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