Hupzy (Spot On Chain)|Jul 13, 2026 20:22
A U.S. Government-linked wallet deposited ๐ญ๐ฐ๐ฌ.๐ฎ ๐๐ง๐ (~$๐ด.๐ณ๐ต๐ ) to Coinbase Prime, breaking a ๐ฐ-๐๐ฒ๐ฎ๐ฟ ๐ฑ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ streak โ first activity since 2022.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Government wallets moving to exchange custody typically signal potential sell pressure. While $8.79M isn't market-moving alone, the dormancy break suggests seized BTC from older cases may be entering active management. Coinbase Prime is the primary execution venue for US government crypto disposals โ this could be a pre-sale transfer or custody consolidation. Watch for follow-on movements from other seized-asset wallets.
BTC held steady on the news; the amount is a fraction of daily volume. A cluster of similar deposits would shift the sell-pressure read from anecdote to trend.
https://arkm.com/explorer/address/bc1qhr9tc6x9qrun3q2twzwm00cevsccu8zej6znw3
source: lookonchain
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