K33 Research says US government's ~17,733 BTC move to Coinbase Prime is a custody arrangement, not a sell signal

K33 Research concludes the US government's transfer of ~17,733 BTC to Coinbase Prime in early October is a custody arrangement, not a sell signal. Most of the moved BTC, including 12,267 BTC tied to the Bitfinex hack, remains under custodian control, with only ~1,200 BTC potentially sellable. Marked US government BTC holdings fell from 324,527 to 306,795 BTC.

Detected & updated continuously · Source: Nebula