US Government’s 300 Million Bitcoins on the Move: Is It the Right Signal This Time?

It has been reported that 9,824 BTC worth $302 million were moved from Silk Road-owned Bitcoin wallets seized by the US Department of Justice (DOJ).

According to on-chain data, a total of two Silk Road-linked Bitcoin wallets belonging to the US Department of Justice 302 million dollar worth 9,824 BTC moved. the transaction in question US government that it was made by no official statement yet not done.

moved 252 million dollar worth 8,200 BTC remaining while transferring to different wallets of 1,624 BTC reported to be subject to internal transfer. transfers, 12 July 17:44 CET It was processed on and at the time the news was written. nodes (nodes) by confirmed.

Coinecko according to data 30 days in 19.1% appreciated bitcoin, end 24 hours in 0.3% depreciating as of writing $30,626 traded at the level.

We went through the wallets that were the subject of the news. March per month coinbase‘to 9,800 BTC to several different recipients, including 1.5 billion dollar worth 49k BTC had been transferred.

About 20 days after this transfer, the US government coinbase over 9,800 BTC announced its sale and 41,490 BTC in the year 4 pieces in case of will be liquidated had explained.

Is It Right This Time?

April And May in one of the months 16 thousand if the other 9,800 pieces two Bitcoin transactions were handled by the US government speculations the market has fallen and the price of Bitcoin big drops had caused it to happen.

later two transactions by the US government not executed and on-chain analytics platform Arkham Intelligence of the respective wallets has been mislabeled had appeared.

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