US government moves over $288 million in seized bitcoin, ether to Coinbase Prime: Arkham

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Arkham Intelligence confirmed that the U.S. government transferred approximately $288 million worth of Bitcoin and Ethereum to Coinbase Prime. This suggests a potential asset liquidation, fueling concerns over market oversupply. Investors should prepare for increased short-term volatility due to potential large-scale government sell-offs.

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The movement of confiscated digital assets to a centralized exchange frequently precedes a public sale. Given the scale of the transfer, market participants are bracing for downward pressure as supply liquidity increases. The correlation between government actions and market sentiment highlights a fragile short-term environment.

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