New transfer transaction from the USA while Bitcoin continues to decline: Billion dollars moved

The activity seen in the US government's cryptocurrency wallets in recent days does not slow down. According to data provided by Arkham, the US government transferred another 12 thousand 267 BTC worth approximately 1 billion 6 million dollars in the evening.

The transferred 12 thousand 267 BTC was divided and transferred to different addresses. A portion of 3,267 BTC was sent by Arkham to an address labeled “Coinbase Prime.”

Hundreds of millions of dollars of transfers were made yesterday.

US officials transferred large amounts of Bitcoin, BNB and USDT yesterday.

A total of approximately 670 million dollars of crypto money was moved from addresses linked to the US government from yesterday until today morning. These transfers included 6,215 BTC worth approximately $520 million, 119 million USDT and 40,285 BNB worth $31.6 million. While Bitcoin and USDT were sent to Coinbase Prime, BNBs were transferred to different addresses.

Bitcoin continues to decline

Successive transfers by the US government also increase concerns that there may be sales pressure on Bitcoin.

Bitcoin, which pushed the level of 87 thousand dollars during the week, fell below 84 thousand dollars yesterday. As the decline continues today, the largest cryptocurrency dropped to 81 thousand dollars.

Especially large transfers to Coinbase Prime raise the question of whether the Bitcoins held by the government will be sold or not. On the other hand, it should not be forgotten that Coinbase Prime also provides institutional custody services. Therefore, transfers alone do not mean sales. There has been no sales announcement from the US government regarding these transactions.