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Bitcoin Market Trends: Changes in U.S. Addresses, Is the Third Round of Selling Coming?
In the world of cryptocurrency, every development can cause a storm. Recently, news about the US government seizing Bitcoin shook the entire market.
Just this morning (15th), on-chain data showed that 10,000 bitcoins seized by the US government in the "Silk Road" case, worth nearly $600 million, have been transferred to Coinbase Prime. This abnormal movement instantly tightened the market's nerves, because the previous two similar situations caused a sharp drop in the price of Bitcoin, and the market was generally worried.
However, data analysts pointed out that the move may not be for selling, but more likely for custody purposes. About two weeks ago, these bitcoins were marked as funds seized by the US Department of Justice and have been idle since then.
Just this morning (15th), on-chain data showed that 10,000 bitcoins seized by the US government in the "Silk Road" case, worth nearly $600 million, have been transferred to Coinbase Prime. This abnormal movement instantly tightened the market's nerves, because the previous two similar situations caused a sharp drop in the price of Bitcoin, and the market was generally worried.
However, data analysts pointed out that the move may not be for selling, but more likely for custody purposes. About two weeks ago, these bitcoins were marked as funds seized by the US Department of Justice and have been idle since then.
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