This year, the U.S. government transferred nearly $1 billion in BTC to Coinbase in three installments, and in both of the first two transfers, BTC dropped by 5% within three days

ChainCatcher news, according to Lookonchain monitoring statistics, the U.S. government has transferred a total of 15,940 bitcoins to Coinbase Prime in three batches this year, worth approximately $966.4 million.

Statistics show that within three days after the first two transfers, the price of BTC dropped by about 5%.

Previous news, a U.S. government-associated address starting with bc1ql transferred 10,000 BTC to the Coinbase Prime wallet 1 hour ago, worth approximately $593.5 million.