US Government Shifts $12.36M in ETH, USDC and USDT to Coinbase After Monday’s BTC Move

Crypto Insight Summary: Crypto Insight Summary: The U.S. government moved $12.36 million in ether, USDC and USDT out of a Bitfinex hack seizure wallet on Tuesday, July 14, sending the funds to Coinbase Prime and one unlabeled address, according to Arkham Intelligence data. The transfer follows Monday’s movement of roughly 3,941 BTC to Coinbase Prime, giving the government two straight days […] Crypto Insight Analysis: Direction: Bearish ETH / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH transfer to Coinbase may increase sell pressure; BTC unaffected as no direct selling. Crypto Insight Analysis: Direction: Bearish ETH / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH transfer to Coinbase may increase sell pressure; BTC unaffected as no direct selling.