🔔 News Flash! The US government just transferred 3,940 Bitcoin to a Coinbase Prime wallet, according to Arkham Intelligence. These Bitcoins were seized from the infamous drug trafficker, Banmeet Singh. 🕵️‍♂️

Singh, once the kingpin of a major narcotics network, had to surrender over 8,100 Bitcoin to the authorities. Talk about a costly bust! 💸

The recent transfer has sparked fears of a government sell-off, especially with Germany also unloading its Bitcoin. But fear not, crypto enthusiasts! Exchange balances are at a 6-year low, providing a counterbalance to these sell-offs. 📉📈

What's your take on this? Will the government's actions impact the Bitcoin market? Share your thoughts below! 👇