The US government transfers $2 billion in Bitcoin! BTC pins 65,800, Ethereum stands back at $3,300

This site (120bTC.coM): At 9pm yesterday (29th), Bitcoin once again exceeded the US$70,000 mark after a long absence of a month and a half. However, selling pressure quickly emerged and quickly fell below 67,000 US dollars before zero o'clock. Dollar. After a short-term shock in the early morning, the lowest price dropped to $65,868. The current price at the time of writing was $66,628, down 2.63% in the past 24 hours. What happened?

The U.S. government transferred 29,800 BTC

The reason for the rapid decline last night is that in addition to the pressure level of $70,000, according to on-chain data tracked by Arkham, the U.S. government transferred 29,800 BTC near zero last night (worth approximately $2 billion) was transferred to a new, unmarked address, and 19,800 BTC and 10,000 BTC were subsequently transferred to two different addresses.

Arkham analysts predict that one of the transfers of 10,000 BTC worth $670 million may be deposited to an institution, triggering market concerns.

Since Trump announced on Sunday that he would not sell Bitcoin after being elected, the U.S. government transferred nearly 2 billion US dollars of BTC exactly the next day, and the timing caused discussion.

In addition, analyst Ai Ai posted on the This operation a few months ago may have been for selling, or it may have just been a regular fund transfer, because there was also a wallet fund transfer operation on 04.02. It depends on the follow-up situation

Mt.Gox transferred 0.02 BTC this morning, or it was a transfer Test

In addition, according to Arkham data, the Mt.Gox address transferred 0.02 BTC to an unknown address (1AdbX..) at about 7:30 this morning, possibly for transfer testing (it has been recorded many times before).

Although I am not sure what the purpose of Mt.Gox is? However, it may once again trigger market panic, and Bitcoin fell below $66,000 in a short period of time. Investors are advised to be careful of possible fluctuations in the near future.

Ethereum stands back at US$3,300

On the other hand, part of the trend of Ethereum is not as deep as that of Bitcoin. It fell below US$3,300 this morning and then rebounded quickly. At the time of writing, it is currently trading at US$3,330, It rose 1.66% in the past 24 hours.

USD 190 million has been liquidated across the entire network in the past 24 hours

According to Coinglass data, approximately US$190 million has been liquidated across the entire cryptocurrency network in the past 24 hours, with more than 45,000 people liquidated (long positions account for nearly US$135 million) .

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