The US government deposited over $1.5 billion worth of BTC into Coinbase Prime, during which time the price fell by 6.9%.

On October 9, data from on-chain analytics platform Lookonchain (@lookonchain) shows that the U.S. government deposited a cumulative total of 17,733 BTC (approximately $1.48 billion) and 750 WBTC (approximately $62 million) into Coinbase Prime over the past three days, totaling over $1.54 billion. During this period, the BTC price fell by 6.9%.