According to @KookCapitalLLC, the U.S. government moved 668 BTC, raising concerns about potential market impact and next steps. source: @KookCapitalLLC on X Government-seized BTC transfers, when confirmed on-chain, have coincided with short-term downside during 2024 state wallet distributions, such as transfers by Germany’s BKA, making verification crucial before trading. source: Kaiko Research analysis on government BTC flows in 2024 U.S. authorities historically dispose of seized bitcoin through auctions or brokered sales rather than direct exchange dumping, so wallet-to-exchange inflows are the key risk trigger to monitor. source: U.S. Marshals Service asset forfeiture and auction notices; U.S. Department of Justice asset disposition filings Traders can validate the 668 BTC claim and gauge sell pressure by checking labeled U.S. government wallets and exchange inflows on Arkham Intelligence and Whale Alert, alongside exchange netflow metrics on CryptoQuant or Glassnode. source: Arkham Intelligence platform; Whale Alert feed; CryptoQuant exchange flows; Glassnode exchange netflow Price-relevant triggers include a confirmed transfer from a U.S. government–labeled address to a major exchange hot wallet, compression in BTC spot-perp basis on CME/Deribit, and order book liquidity thinning around key levels. source: Arkham Intelligence labeled wallets; CME and Deribit basis data; Kaiko order book liquidity datasets