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#Bitfinex hack

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Bitcoin Selling Pressure Concerns Rise Following US Transfers: Analytics Firm Explains
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Bitcoin Selling Pressure Concerns Rise Following US Transfers: Analytics Firm Explains

Key Highlights: On-chain data indicates that roughly 17,733 BTC and 750 WBTC—worth a combined $1.54 billion—were transferred in recent days, with total inflows to Coinbase Prime potentially reaching 21,500 BTC when related government wallets are included. K33 Research assesses that the movements are likely intended for administrative asset custody under an existing institutional agreement rather ...

Bitcoin Drops 7% as U.S. Holdings Fall by 17,468 BTC and Short-Term Holders Move 45.6K BTC to Exchanges
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Bitcoin Drops 7% as U.S. Holdings Fall by 17,468 BTC and Short-Term Holders Move 45.6K BTC to Exchanges

Key Highlights: U.S. government-tracked wallets monitored by CryptoQuant shed 17,468 BTC—valued at approximately $1.44 billion—across three tranches between Oct. 6 and Oct. 8. The transfers served as a market catalyst, triggering short-term holders to deposit roughly 45,600 BTC to exchanges within a 24-hour window, with 24,900 BTC sent at a loss. Bitcoin’s key structural support ...