The U.S. government moved 833.6 BTC and $71.6 million into Coinbase Prime yesterday, and Bitcoin dropped below $83,000 on the same day. Let’s talk about where this money came from. The $2.75 billion in crypto assets sitting in the U.S. government’s accounts weren’t purchased—they were all seized during enforcement cases: coins handed over after the sentencing of those two Estonians from HashFlare, the funds recovered from the 2016 Bitfinex hack, and assets confiscated after Alameda’s collapse. Because these assets were seized and can be liquidated at any time, whenever these addresses move, everyone’s first reaction is that the government is about to sell. That’s why yesterday’s transfer was closely watched: 833.6 BTC first passed through two untagged addresses and then landed entirely in a deposit-labeled address on Coinbase Prime within hours. Along with this batch were 40,285 BNB and $31.63 million, originating from Alameda’s seized assets. Coinbase Prime is a platform for institutional custody and trading. In other words, once the coins hit the deposit address, there’s only one interpretation visible on-chain: they’re getting ready to sell. Bitcoin dropped below $83,000 on the same day. The government hasn’t provided any explanation so far, but the market has already interpreted this transfer as a sell order.