The U.S. government transferred 17,733 BTC and 750 WBTC to Coinbase Prime over the past three days, according to a post cited by Techub from on-chain tracker @Lookonchain. The BTC moved was valued at about $1.48 billion, while the WBTC was worth roughly $62 million based on the figures provided in the report. Over the same period, Bitcoin fell 6.9%. The update ties a large government-linked transfer to a short window of market weakness, though the report only states the timing of the deposits and the price move. No additional details were provided in the item about the destination purpose or any follow-up transactions beyond the deposits to Coinbase Prime.
Techub News, citing a post from @Lookonchain, reported that the U.S. government deposited 17,733 BTC worth about $1.48 billion and 750 WBTC worth about $62 million into Coinbase Prime over the past three days.
During the same period, Bitcoin fell 6.9%.
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