Recent transactions have highlighted significant movements of Bitcoin, involving large sums transferred to various Coinbase wallets, including institutional and prime ones. Notably, Grayscale has transferred a total of 3,184 BTC and 1,424 BTC to Coinbase Prime, amounting to approximately $301 million. Furthermore, the U.S. Department of Justice (DOJ) has been involved in moving a substantial amount of Bitcoin, with a transaction of 30,175 BTC, valued at around $2 billion, to an unknown wallet, speculated to be associated with Coinbase. This activity follows a series of large Bitcoin moves, including two transactions totaling 7,999 BTC ($556k) to new whale wallets in 57 increments of 200 Bitcoin and a significant transfer of 6,513 BTC to a Coinbase Institutional wallet. Additionally, GRAYSCALE has transferred 1634.34 BTC worth $111.4 million to Coinbase. The DOJ's involvement and the large sums transferred have sparked discussions regarding potential sales or custody arrangements for the seized Bitcoin, with some speculating that these moves could be related to the settlement of an over-the-counter (OTC) transaction or a forthcoming sale. Notably, TOTAL GRAYSCALE ETF OUTFLOWS have surpassed $15 billion, and the DOJ has sent 30,174.70349604 BTC in transactions. The DOJ SILK ROAD WALLET moved 2,000 BTC ($139 million), and the US GOVT has sold $130M $BTC.
.@TheJusticeDept transfers $2B Silk Road-related #Bitcoin to new wallet. https://t.co/69G60peQEn
The DOJ has a lot of bitcoin, but it might be gearing up to large chunk of it https://t.co/r81VCBUIQ8
US GOVT SELLS $130M $BTC AFTER ISSUING NOTICE OF SALE IN JANUARY - US govt issued the notification of selling $131M in Bitcoin in January that was connected to a Silk Road agent case - It is likely they sold these funds last night in an OTC trade and these transactions are⦠https://t.co/BYFd5CzAc1 https://t.co/HeGaoEkKOU
likely the USG/Silk Road coins were already sold & this is post-trade settlement. @Blockworks_ reported Jan 25 that they were going to sell $130m. today they moved ~2k BTC ($131m) to CB. test tx: https://t.co/0Jh6CcRUq0 2k movement tx: https://t.co/hacO1sVISh blockworks:β¦ https://t.co/Oh0NcboVQx https://t.co/XIspZQJm2d
It's pretty concrete that the $130M in BTC the US gov sent to coinbase 15m ago will be sold. 130m is not much , its less than the average IBIT flow over last few days and they had to file to do it. They probably have to do another filing to sell more and we haven't had thatβ¦
JUST IN: πΊπΈ U.S. government transfers 30,175 #Bitcoin (π΅ $2B) to an unknown wallet π According to Arkham Intelligence, it would be a Coinbase address. https://t.co/hxV3LYlJn3
*DOJ SILK ROAD WALLET MOVES 2,000 BTC ($139 MILLION) TO SAME COINBASE PRIME WALLET: ONCHAIN DATA AND ARKHAM LABELS - THE BLOCK PRO
UPDATE: 1999 BTC ($139M) TRANSFERRED TO SAME COINBASE PRIME ADDRESS https://t.co/ffnDDnwug6
DOJ has now sent 2000 BTC to Coinbase Deposit at txh: b614dd2e0fa06d776ee4d45973fab5ceb6e2dfebfb84e5f7bd45ef0975455240 https://t.co/3JEI1oz40X
The US is either preparing to settle an OTC transaction involving the Silk Road BTC with Coinbase (the 3Kr address), or is about to sell. I will let you decide, but the price action either means the news leaked or it already happened imo https://t.co/C5pSeo5UJT
Wallet containing $2 billion of DOJ-seized bitcoin appears to send test transaction to Coinbase Prime: Arkham data https://t.co/nGvXYtF8zl
If the government is moving $2.1B in BTC and not doing an auction, then its likely either already sold or going to custody. DoJ isn't going to yeet the stack in a single candle.
According to Arkham, Grayscale transferred 3,184 BTC and 1,424 BTC to the Coinbase Prime hot wallet address 3MqUP6G1daVS5YTD8fz3QgwjZortWwxXFd in two transactions at 21:24 and 23:21 UTC+8 on April 3, with a total value of $301 million. https://t.co/GPAgXX0yef
Looks like they're doing a test transaction to 3KrZVU9Jz4UKHpKUtuvkEMX1tY8zeiTvX2 which Arkham labels as Coinbase Prime Deposit. Once this tx is confirmed I'd assume they start moving big boys. Also an OTC deal have leaked yesterday which caused the dump? https://t.co/DGZdGbtUgy https://t.co/mejXQicJcE
DOJ sent 30174.70349604 BTC (from large wallet) at txh: 9c3af4b48e66565f1da1da8278036fa1dbb09f2beaaca99c3504475390ba4590
JUST IN: TOTAL @GRAYSCALE ETF OUTFLOWS SURPASS $15 BILLION
π¨ BREAKING π¨ GRAYSCALE HAS TRANSFERRED 1634.34 BTC WORTH $111.4 MILLION TO COINBASE. https://t.co/LStmWHPlbj
Grayscale just transferred another 1,634 #bitcoin to coinbase... Another dump coming? π
Whale moves: @Grayscale sends 1634 Bitcoin to @coinbase Prime wallets 47 minutes ago π https://t.co/p9RYeKPjrL https://t.co/aKS4Co7tqD
Whale moves: Large transfer of 6,513 Bitcoin to @coinbase Institutional wallet 32 minutes 6 seconds ago π https://t.co/BHozNNf1xN https://t.co/26ZpQj3yr1
Whale moves: 2 large moves of 7,999 Bitcoin ($556k) from @coinbase into 2 new whale wallets : - 1GTMBey67 - 1JBLiYV9tn9 Both transactions were in 57 increments of 200 Bitcoin π https://t.co/ygeXsZICwi #Coinbase #Bitcoin #Whales https://t.co/bU9DzDypXd
Whale moves: 2 large moves of 7,999 Bitcoin ($556k) from @coinbase into 2 new whale wallets : - 1GTMBey67 - 1JBLiYV9tn9 Both transactions were in 57 increments of 200 Bitcoin π https://t.co/i5TOEnGJPP