Deep Tide TechFlow news, on December 3rd, on-chain analyst Ai Yi reviewed last night's U.S. government Bitcoin transfer event, the specific process is as follows:
1. At 00:34, the U.S. government deposited 10,000 BTC into Coinbase.
2. At 00:47, this portion of BTC was credited to Coinbase hot wallet 3MqUP.
3. From 00:47 to 05:38, 10,000 BTC was distributed to 21 new addresses, each receiving 498.445 BTC, and currently, the tokens in these addresses have not been further transferred.
When comparing the trading volume during the corresponding time period on TradingView Coinbase, the 15-minute trading volume averaged only 300 BTC during the spike, and the trading volume situation during the rebound was the same—meaning Coinbase did not have trading that matched the 10,000 BTC sell-off volume.
Ai Yi speculated that the possibilities for this operation are as follows: not yet sold, planning to gradually distribute from the wallet later; has been taken by an institution through OTC and has not flowed into the secondary market.
