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US government transferred 4,000 BTC to Coinbase Prime
Yesterday, the US government transferred 3,813 BTC that were seized from Silk Road, a black marketplace, to the Coinbase Prime exchange.
The CEO of CryptoQuant believes that the sale of such a quantity of BTC will not affect the market. Since Coinbase Prime processed 20-49k BTC daily as sell-side liquidity during high spot ETF inflows, and 6-15k daily during low spot ETF inflows.
He emphasized that he is tired of “government sales” and considers it fad#BNB
Yesterday, the US government transferred 3,813 BTC that were seized from Silk Road, a black marketplace, to the Coinbase Prime exchange.
The CEO of CryptoQuant believes that the sale of such a quantity of BTC will not affect the market. Since Coinbase Prime processed 20-49k BTC daily as sell-side liquidity during high spot ETF inflows, and 6-15k daily during low spot ETF inflows.
He emphasized that he is tired of “government sales” and considers it fad#BNB
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