In a significant move, the U.S. government transferred 2000 BTC, approximately $139M, previously confiscated from the Silk Road darknet platform, to a Coinbase Prime address, sparking widespread speculation about potential sales and its impact on the cryptocurrency market. The Department of Justice (DOJ) transferred 30,175 Bitcoin, valued at approximately $2 billion, to an unknown wallet, presumed by Arkham Intelligence to be a Coinbase address. This action follows the government's notification in January about selling $131 million worth of Bitcoin connected to a Silk Road case. The transferred amount aligns with the government's previous announcement and suggests a possible sale through an over-the-counter (OTC) trade. Market reactions have been mixed, with some viewing the government's move as a bullish signal for Bitcoin, while others speculate about the potential market impact of such a large-scale sale.
🚨 🚨 8,549 #ETH (28,587,384 USD) transferred from unknown wallet to #Binance https://t.co/8bHDI0Vd78
🚨 🚨 🚨 70,000,000 #USDC (69,992,860 USD) transferred from unknown wallet to #Coinbase https://t.co/xa2K7oHb3A
🚨 🚨 🚨 51,000,000 #USDC (51,050,999 USD) transferred from #Wintermute to unknown wallet https://t.co/6iesPCZvFR
🚨 🚨 🚨 🚨 28,828 #ETH (95,959,713 USD) transferred from unknown wallet to #OKEx https://t.co/IpwKk3hVz1
🚨 24,920,366 #XRP (14,254,214 USD) transferred from unknown wallet to #Bithumb https://t.co/dylncPBPeY
🚨 🚨 🚨 50,000,000 #USDC (50,000,000 USD) transferred from #Binance to unknown wallet https://t.co/DWge9uIk7n
🚨 🚨 12,500 #ETH (41,102,228 USD) transferred from Coinbase Institutional to #Coinbase https://t.co/voNj2X0rTY
🚨 🚨 🚨 64,000,000 #USDC (63,962,208 USD) transferred from #Wintermute to unknown wallet https://t.co/4hIhIsAARG
🚨 🚨 🚨 🚨 🚨 670,442 #SOL (123,129,096 USD) transferred from unknown wallet to unknown wallet https://t.co/ThKvlN1MNp
🚨 🚨 🚨 13,486 #MKR (50,715,814 USD) transferred from unknown wallet to unknown wallet https://t.co/7iQv9q46Le
🚨 2,144,321 #FXS (14,015,158 USD) transferred from unknown wallet to #Frax https://t.co/5xJpJDjj5g
🚨 80,000,000 #DOGE (13,749,573 USD) transferred from #Robinhood to unknown wallet https://t.co/GvNDIDjJy6
🚨 🚨 🚨 🚨 🚨 105,000,000 #USDC (104,967,450 USD) transferred from Coinbase Institutional to unknown wallet https://t.co/nunUccmJXu
🚨 114,795 #SOL (21,316,632 USD) transferred from #Kraken to unknown wallet https://t.co/8GwTbLv78s
So to clarify - you're selling your coins after 1) BTC ATH 2) two weeks before halvening 3) regulatory clarity 4) 100Ms of daily VC and retail ETF inflows because... the government moved 2B to a coinbase wallet..? You think they're going to market sell 2B in BTC? LMFAO
🚨 114,794 #SOL (21,325,091 USD) transferred from #Bitfinex to #Kraken https://t.co/To92qI5Ssu
🚨 6,199 #ETH (20,630,340 USD) transferred from unknown wallet to #Coinbase https://t.co/WtirB3KCVE
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,113 #BTC (205,131,673 USD) transferred from #Bitfinex to #Kraken https://t.co/SPfevkozs1
🚨 BREAKING 🚨 GRAYSCALE HAS TRANSFERRED 1983 BTC WORTH $131.4 MILLION TO COINBASE https://t.co/FwT4dUsM9i
US Marshals have gone from auctioning seized bitcoins (Draper, circa 2014) to just dumping them on Coinbase https://t.co/PyhUg3HUfE
US government reportedly moves Bitcoin $BTC seized from Silk Road, sparking sale speculation https://t.co/RfW3xjyvWl https://t.co/0W2QQOj8Ow
🔥The US authorities transferred 2000 BTC to Coinbase. The US government-controlled wallet with 30,174 BTC initiated a transfer of ~2000 BTC to the @coinbase Prime platform address. Experts speculate asset liquidation.🔎 Presumably, this is part of the assets seized from James… https://t.co/NPjbGUBBG6
🚨 🚨 🚨 🚨 🚨 🚨 2,100 #BTC (138,205,430 USD) transferred from #Kraken to unknown wallet https://t.co/TEmqT1Zrsp
🚨 Some Major news from yesterday🚨 - 400k wallets will be eligible to claim 678.8M $W today - A wallet tagged belonging to US Govt moved 1999 BTC ($139M) to Coinbase from 30.1k BTC seized from Silk Road - $TIA Celestia introduces Blobstream DA solution to Arbitrum. Devs can… https://t.co/jTxVW5IsnW
🚨 🚨 🚨 1,100 #BTC (73,022,170 USD) transferred from #Bitfinex to #Kraken https://t.co/blzpTfi00e
🚨 Some Major news from yesterday🚨 - 400k wallets will be eligible to claim 678.8M $W today - A wallet tagged belonging to US Govt moved 1999 BTC ($139M) to Coinbase from 30.1k BTC seized from Silk Road - $TAO Celestia introduces Blobstream DA solution to Arbitrum. Devs can… https://t.co/xmjtk9lk84
🚨 🚨 🚨 69,900,000 #USDT (69,901,572 USD) transferred from #Kraken to #Bitfinex https://t.co/iqHGs9GHKW
U.S. government transfers $2.1bn worth of bitcoin to Coinbase Could they be planning to sell?🤔 https://t.co/VnDA89eFN8
🚨 108,010 #SOL (20,486,950 USD) transferred from unknown wallet to #Binance https://t.co/8oFwNG3f4m
🚨 🚨 286,292 #LTC (29,484,182 USD) transferred from #Binance to unknown wallet https://t.co/2FW5d077Ut
Just 2 minutes ago, a whale 0xe43 deposited 22,695k $ETH (~$74.91M) to #Coinbase. A week ago, he accumulated them with avg entry at $3,562 and his loss will be $5.94M if he sold at current price. This is his address: https://t.co/vXdIV0qy23 https://t.co/KnjZwH5bRf
Both Fenbushi Capital and Galaxy Digital withdrew $ETH from #Binance after the market dropped. Fenbushi Capital withdrew 5,207.4 $ETH($17.2M) from #Binance 11 hours ago. Galaxy Digital withdrew 6,000 $ETH($19.8M) from #Binance 4 hours ago. Address: https://t.co/wJDIeJ6o97… https://t.co/gDQBKMIK96
A whale/institution accumulated $MKR! We noticed that 5 fresh wallets withdrew 2,650 $MKR($9.94M) from #Binance 9 hours ago. These 5 fresh wallets were funded by the same wallet(0x3161...64dC). https://t.co/i3H4mPpWl0 https://t.co/8EeJBktLPx https://t.co/muIBeiTzeR… https://t.co/IW2tKeDOoj
I cant think of anything more bullish than the US government revenge-selling their bitcoin while they hold tears back at all these ETF's being approved
🚨 US Government transfers 1999 #BTC ($139M) to Coinbase Prime address
🚨 120,849 #SOL (22,089,495 USD) transferred from unknown wallet to #Binance https://t.co/AAvFQCFpiM
🚨 🚨 🚨 71,541,535 #USDC (71,527,226 USD) transferred from Coinbase Institutional to unknown wallet https://t.co/DynlhU0MRB
30K BTC were sold to coinbase OTC They sold their inventory prior to receiving the gov coins as to not raise suspicion because if the coins moved and the market started tanking there would be panic Coinbase OTC already sold that batch Tether printed Up now
.@TheJusticeDept transfers $2B Silk Road-related #Bitcoin to new wallet. https://t.co/69G60peQEn
y’all are worried about nothing, the DOJ is simply selling $2 billion worth of bitcoin at market-clearing prices
The DOJ has a lot of bitcoin, but it might be gearing up to sell a large chunk of it https://t.co/r81VCBUIQ8
The DOJ has a lot of bitcoin, but it might be gearing up to large chunk of it https://t.co/r81VCBUIQ8
I don't think the US govt is selling that silk road btc, they are probably just sick of custodying it, makes sense to send it to Coinbase
US Government ready to dump all their totally and completely fairly and legally acquired Silk Road $BTC right after the expected Halving pump and pay 20 minutes worth of interest of the national debt. https://t.co/Sll6yAhWFg
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
The DOJ is selling 30k bitcoin. It is enough to offset the U.S. national debt load for approx 5 hours. https://t.co/WfN3BR9s79
Possible the government’s Silk Road Bitcoin has already been sold👇 https://t.co/5sEbycIJ4Z
The US gov selling Bitcoin is incredibly bullish don't worry.
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:… https://t.co/Oh0NcboVQx https://t.co/XIspZQJm2d
The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform https://t.co/RGIyDTqkBk
🔸The US govt just sent $30 BILLION #Bitcoin for a cost of $1.48. Try that with Gold, or USD… 😅
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 that…
JUST IN: 🇺🇸 U.S. government transfers 30,175 #Bitcoin (💵 $2B) to an unknown wallet 👀 According to Arkham Intelligence, it would be a Coinbase address. https://t.co/hxV3LYlJn3
It's pretty concrete that the $130M the US gov sent to coinbase 15m ago. 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 that yet. They have like…
🚨 360 #WBTC (23,706,544 USD) transferred from unknown wallet to #Bitfinex https://t.co/Rz7LTxt4Fp
*DOJ SILK ROAD WALLET MOVES 2,000 BTC ($139 MILLION) TO SAME COINBASE PRIME WALLET: ONCHAIN DATA AND ARKHAM LABELS - THE BLOCK PRO
US government selling the bottom before $1m is going to be hilarious
US government selling the bottom before $1m is going be hilarious
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 government is selling their bitcoin, causing them to go bankrupt faster, accelerating hyperbitcoinization... ...and you're bearish? ngmi
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
if US Gov actually sells, instead of just transfering coins thats ez scalp long
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.
Fed selling their Silk Road confiscated bitcoin will mark the local bottom
The US government waiting until it could sell it’s confiscated Bitcoin to a BlackRock ETF would be an extremely funny bit https://t.co/aWby943erF
🚨 🚨 🚨 65,000,000 #USDT (65,002,437 USD) transferred from Tether Treasury to #Kraken https://t.co/4AHI5xaLCX
Waiting for @saylor to announce purchase of $btc from US gov
🚨 59,811,021 #DOGE (11,033,334 USD) transferred from #Coinbase to unknown wallet https://t.co/kE6rhf6gTR
The U.S. Government has just moved 30,174 BTC. (presumably to sell) https://t.co/mQ1x7CzRes
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
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,600,100 #USDC (200,600,100 USD) transferred from unknown wallet to Coinbase Institutional https://t.co/UaOGAueXR2