Express

The US Government Transferred 4K BTC To Coinbase Prime

Mary Liu

Summary: The mempool data showed that the US government address sent 4,000 BTC to Coinbase Prime. The US government currently still holds 213,546 BTC (worth $13.07 billion). CryptoQuant CEO Ki Young Ju posted on the X platform that the U.S. government's sale is unlikely to have any impact on the market. Because when the spot ETF ...

The mempool data showed that the US government address sent 4,000 BTC to Coinbase Prime. The US government currently still holds 213,546 BTC (worth $13.07 billion).

CryptoQuant CEO Ki Young Ju posted on the X platform that the U.S. government's sale is unlikely to have any impact on the market. Because when the spot ETF inflow is high, Coinbase Prime can handle 20,000-49,000 BTC of seller liquidity per day, and when the spot ETF inflow is low, it also can handle 6,000-15,000 BTC of liquidity per day.

Ki Young Ju said: "I posted this because I am tired of the FUD of government selling".

Last Update:

Tags: ,,
Link: The US Government Transferred 4K BTC To Coinbase Prime   [Copy]
Next:

Related Articles

  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 23 hours ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 2 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 3 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 5 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 6 days ago

    • You need to login to comment.