US Government Transfers 15,940 BTC to Coinbase Prime, Impact on Bitcoin Price
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According to Lookonchain, the US Government transferred 15,940 BTC, valued at $966.4 million, to Coinbase Prime in three transactions this year. Notably, within three days following the first two transfers, the price of Bitcoin dropped by approximately 5%. This pattern could indicate potential market reactions to large government transactions.
SourceLookonchain
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