**Crypto Market Alert: US Marshals Likely Selling Seized Silk Road Bitcoin**
In a notable crypto market development, Attorney Scott Johnsson suggests that the US Marshals Service (USMS) is likely selling Bitcoin seized from the Silk Road marketplace. This insight stems from a June service agreement between the USMS and Coinbase. Johnsson notes that Bitcoin transfers to Coinbase Prime signal imminent sales.
- **Agreement Details**: The USMS is moving Bitcoin to a custodial address as per the agreement, with transfers to Coinbase Prime indicating sales.
- **Diverging Opinions**: While Johnsson is confident, Ryan Lee of Bitget Research doubts the Bitcoin will be sold.
- **Market Impact**: On August 15, the US government transferred nearly $600 million in Bitcoin to Coinbase, aligning with Johnsson’s claims. Such large transactions by "whales" can influence Bitcoin prices.
- **Historical Context**: The US government, the largest geopolitical Bitcoin holder, seized 50,000 BTC from Silk Road in 2022. Recent transfers include $2 billion worth of Bitcoin moved in April.
Stay tuned for more updates as the situation unfolds.