U.S. government-linked address moved $165 million in 24 hours, with 1,583.8 BTC sent to Coinbase Prime

U.S. government-linked address moved $165 million in 24 hours, with 1,583.8 BTC sent to Coinbase Prime

N
News Editor
2026-10-07 15:11:00
On-chain analyst Ember said a U.S. government-linked address transferred another 750.2 WBTC worth $62.34 million to Coinbase Prime about 15 minutes before the report, after previously moving $103 million in assets. Over the past 24 hours, the address moved a total of $165 million, including 1,583.8 BTC valued at $134 million that was sent to Coinbase Prime. The update was reported by PANews on Oct. 7 and was presented as market information rather than investment advice.

PANews reported on Oct. 7 that on-chain analyst Ember tracked another transfer from a U.S. government-linked address to Coinbase Prime about 15 minutes before the report.

The latest transaction involved 750.2 Wrapped Bitcoin (WBTC) worth $62.34 million. According to the report, this came after the address had already moved $103 million in assets.

Over the past 24 hours, the address transferred a total of $165 million. Of that amount, 1,583.8 BTC worth $134 million was sent to Coinbase Prime.

The original report said the information was provided for market reference only and did not constitute investment advice.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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