Odaily Planet Daily News According to on-chain analyst @ai_9684xtpa, on-chain data shows that the 10,000 BTC recently transferred by the U.S. government did not actually flow into the market, or in other words, did not directly dump. The timeline is as follows: At 00:34, the U.S. government deposited 10,000 BTC into Coinbase; At 00:47, this portion of BTC was credited to Coinbase hot wallet 3MqUP; From 00:47 to 05:38, the 10,000 BTC was distributed to 21 new addresses, with each address receiving 498.445 BTC, and currently, the tokens in these addresses have not been further transferred. Comparing with the trading volume during the corresponding time period on TradingView Coinbase, the average trading volume during the spike was only 300 BTC over 15 minutes, and the trading volume during the rebound was similar—indicating that Coinbase did not have matching trades for the dumping of 10,000 BTC. Therefore, we can speculate on the possible scenarios for this operation: Not yet sold; planning to gradually distribute from the wallet later; or has been taken by an institution through OTC and did not flow into the secondary market.
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Analysis: The 10,000 BTC Transferred by the U.S. Government Did Not Actually Flow into the Market
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