【The U.S. government transferred 10,000 BTC last night but it did not actually flow into the market】According to Golden Finance, on-chain analyst @ai_9684xtpa monitored that the U.S. government dumped 10,000 BTC, and on-chain data shows: this part of $BTC did not actually flow into the market, or in other words, it was not directly dumped. The timeline is organized 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's hot wallet 3MqUP. 3. From 00:47 to 05:38, 10,000 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 on TradingView during the corresponding time period, the average trading volume during the spike was only 300 BTC over 15 minutes, and the trading volume during the rebound was similar—meaning that Coinbase did not have matching trades for the dumping of 10,000 BTC. Therefore, we can speculate on the possible scenarios related to this operation: it has not been sold yet, with plans for subsequent wallet distributions; it has been taken by an institution via OTC and has not flowed into the secondary market.
