โ ๏ธ US Gov Moves $288M in Seized BTC & ETH to Coinbase Prime โ Sale Incoming?
The US government transferred ~3,800 BTC ($235M) and ~30,000 ETH ($53M) seized from criminal cases โ including dark-web dealer "Xanaxman" and the defunct exchange BTC-e โ to Coinbase Prime on Monday. No confirmed sale yet, but the move reignites liquidation fears and may be adding to today's price pressure. These coins sit outside Trump's Strategic Bitcoin Reserve since they haven't completed final forfeiture, leaving their legal fate murky. Not financial advice. Does a potential government sell-off change your BTC outlook?
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