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

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 6 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 9 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 12 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 16 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 18 days ago

    • You need to login to comment.