US government-linked wallets transferred 833.6 BTC and 40,285 BNB worth about $103 million, with $71.56 million in Bitcoin sent to Coinbase Prime. While this move raises questions about a potential sale, Coinbase Prime also provides custody services, so the transfer does not confirm a sale. The US government holds around $28 billion in digital assets, mostly Bitcoin, but an executive order from 2025 restricts selling Bitcoin in the Strategic Bitcoin Reserve. The BNB transfer is managed under different policies, and no official confirmation of a sale has been made yet. Past government Bitcoin transfers have sometimes led to short-term price drops but did not always indicate sales.
The US government Bitcoin transfer to Coinbase Prime provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 07, 2026 13:21 WIB: out of 50 major cryptocurrencies, only 4 rose while 45 fell. Among movers, ZIL dropped 7.48% to Rp60 with a typical hold time of 133 days and 72% buy orders, contrasting with FIL's 7.41% decline to Rp19,565 and a majority 56% sell order activity, while ALGO also fell 7.41% to Rp2,123 with 73% buy orders and a 129-day hold time.
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