What's the heck with the BTC selling Spee?
The US government wallets deposited 3,940 BTC($241.22M) into Coinbase Prime today. The US government currently holds 213,546 BTC($13.07B).
The founder of CryptoQuant said it would not have much impact on the market. Coinbase Prime handled 20-49K BTC in sell-side liquidity daily during high spot ETF inflows and 6-15K daily during low spot ETF inflows.