The 10,000 BTC transferred by the U.S. government last night may not have been sold yet, or may have been traded OTC without flowing into the secondary market.

According to Foresight News, monitored by @ai_9684xtpa, on-chain data shows that nearly 10,000 BTC transferred to Coinbase by the U.S. government last night may not have been sold yet, and there are plans to distribute it in batches from wallets later; alternatively, this portion of BTC may have been taken by an institution through OTC, and did not flow into the secondary market.

@ai_9684xtpa indicates that 'subsequently, BTC was distributed to 21 new addresses, each receiving 498.445 BTC. Currently, the tokens in these addresses have not been further transferred. Comparing with the trading volume during the corresponding period on TradingView Coinbase, the average trading volume during the spike was only 300 BTC in 15 minutes, and the trading volume during the rebound was similar, indicating that Coinbase did not have the capacity to match the sell-off volume of 10,000 BTC.'