The US government has transferred 15,940 bitcoins to Coinbase Prime in three installments this year, with the first two triggering a roughly 5% drop in bitcoin.

According to Lookonchain monitoring statistics, the US government has transferred 15,940 bitcoins to Coinbase Prime in three installments this year, worth about $966.40 million According to statistics, in the three days following the first two transfers, the price of BTC fell by approximately 5%.