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Analysis: The 17,733 BTC transferred by the U.S. government to Coinbase Prime is for custody, not sale.

Oct 13, 17:18

October 13: K33 Research recently analyzed that the 17,733 BTC transferred by the U.S. government to Coinbase Prime is a custody arrangement rather than a sell signal. Some of the transferred BTC, including 12,267 BTC related to the Bitfinex hack incident, remains under the control of the custodian, and only about 1,200 BTC may be sellable.