首先，美国司法部（DOJ）下属的法警局，在7月时宣布与Coinbase Prime建立合作伙伴关系，以「保护和交易」数字资产，本次转移可能是为了托管资产。According to an on-chain data analysis platform Arkham's post a few hours ago, the US government has transferred 0.0198 million bitcoins (worth 1.92 billion US dollars) to the US exchange Coinbase Prime. It has once again sparked discussions in the market about whether the US government wants to sell BTC again before Trump takes office.
Is the US government going to sell BTC again? Probably not necessarily
Generally speaking, an exchange deposit indicates an intention to sell assets. Since the US government holds more than 0.2 million BTC, it has always attracted market attention, but this transfer is not necessarily to sell Bitcoin.
First, the U.S. Department of Justice (DOJ)'s Bureau of Justice (DOJ) announced a partnership with Coinbase Prime in July to “protect and trade” digital assets. This transfer may be for asset custody.
On the other hand, if the US government actually plans to sell BTC, then there should also be legal documents announcing the sale plan. According to court documents, the US government last confirmed the sale of Silk Road assets in March 2023, when it sold 9,861 tokens for $0.216 billion. (In the document, the authorities set out plans to sell the remaining assets 4 times during the year) So investors now don't need to panic too much and can continue to watch patiently.
BTC once fell below $0.095 million
Coincidentally, shortly after the US government transferred a large amount of BTC, Bitcoin dropped to a low of $94,395 around 01:45 this morning. There was a slight rebound before the paper was finalized. It is now reported at $96,086, down 1.55% in the past 24 hours.
Does the US government often drop every time it transfers BTC to Coinbase?
According to Lookonchain monitoring statistics, the US government transferred a total of 15,940 bitcoins to Coinbase Prime in three installments this year. According to statistics, in the three days after the first two transfers, the price of BTC dropped by about 5%.
l Turn 2,000 BTC in April
l Transfer of 3,940 BTC in mid-June
l Transferred 10,000 BTC in mid-August (there was a decline on the same day, then fluctuated higher)
Investors can continue to observe whether the same phenomenon will occur this time around.
This article was compiled by analysts from the Bitop Market Watch team. The content is for personal opinion sharing only and does not constitute any relevant investment advice. The analysis is time-sensitive, investment is risky, and you need to be careful when entering the market!
