Analysis: The 17,733 BTC transferred by the U.S. government to Coinbase Prime is for custody, not sale.

BlockBeats news, October 13 - A recent analysis by K33 Research pointed out that the transfer of 17,733 BTC by the U.S. government to Coinbase Prime is a custodial arrangement rather than a sell signal. Some of the transferred BTC, including 12,267 BTC related to the Bitfinex hack incident, remain under the control of the custodian, and only about 1,200 BTC may be sellable.