The U.S. government transfers nearly 20,000 bitcoins
According to on-chain data analysis from Arkham, the U.S. government transferred 19,800 bitcoins (approximately $1.92 billion) to Coinbase Prime at midnight today.
This action has sparked widespread attention in the market, and while there are speculations that it may indicate a potential bitcoin sell-off, based on the cooperation agreement between the U.S. Department of Justice and Coinbase Prime in July, this transfer is more likely for security custody purposes rather than an intention to liquidate. Investors should remain rational and pay attention to subsequent official announcements.