⚡️Data Insights - The US government dumped 10,000 BTC, and the market took only four hours to digest the selling pressure and recover the losses?

On-chain data shows that this part of $BTC did not really flow into the market, or in other words, it did not directly dump the market

The timeline is summarized as follows

1️⃣At 00:34 in the morning, the US government recharged 10,000 BTC into Coinbase

2️⃣At 00:47 in the morning, this part of BTC was credited to Coinbase's hot wallet 3MqUP

3️⃣From 00:47 to 05:38 in the morning, 10,000 BTC were distributed to 21 new addresses, and the number of payments to each address was 498.445. At present, the tokens of these addresses have not been further transferred

Comparing with the trading volume of TradingView Coinbase in the corresponding time period, the average trading volume of 15 minutes during the plug-in was only 300 BTC, and the trading volume during the rebound was the same - that is, Coinbase did not match 10,000 BTC Trading of dumping volume

Therefore, we can speculate that the corresponding possibilities of this operation are as follows

🟢Not sold yet, plan to ship in batches by wallet

🟡Has been taken away by an institution through OTC and has not flowed to the secondary market