The US government transferred nearly 20,000 bitcoins
According to Arkham chain data analysis, the US government transferred 19,800 bitcoins (about 1.92 billion US dollars) to Coinbase Prime at midnight today.
This move has attracted widespread attention in the market. Although there are speculations that this indicates a possible bitcoin sell-off, based on the cooperation agreement between the US Department of Justice and Coinbase Prime in July, this transfer is more likely to be for safe custody purposes, not intended to clear positions. Investors should remain rational and pay attention to subsequent official news.