The United States government has made a significant move of Bitcoin funds totaling $8,46 million.
This transaction originated from the Sae-Heng Confiscated Funds and was distributed between two different digital wallets. This move is causing considerable buzz in the cryptocurrency space due to its potential market implications.
ARKHAM ALERT: US GOVERNMENT MOVING $8M
$ BTC
The US Government just moved $8.46M BTC from Sae-Heng Confiscated Funds.
$10 of BTC was sent to:
bc1qs0qhmlzh2wvs0n70vn7s6jj37zvek2e7t73kfg
The remaining $8.46M moved to a change wallet:
bc1q7qf075up5nkd6hejgkmr9ms0fal97w35asrs55
— Arkham (@arkham)
March 27, 2025
According to a reliable source, such moves by government entities often lead to short-term fluctuations in Bitcoin prices, although there is no direct confirmation of an imminent sale of the transferred funds. This uncertainty adds a layer of volatility to market metrics that already respond sensitively to any sign of liquidation of large amounts of Bitcoin.
Meanwhile, Bitcoin ETFs are facing a critical juncture. Analysis of recent data points to record weekly outflows, indicating that financial institutions are reassessing their cryptocurrency holdings in response to global macroeconomic uncertainty. This pullback from investors, who tend to avoid risk in times of uncertainty, suggests potential short-term volatility in Bitcoin prices.
The market impact of these moves is palpable. The last 24 hours have seen a drop of over 2% in the price of Bitcoin, a direct reaction to both the ETF outflows and the recent government transfer. Despite this drop, the long-term outlook for Bitcoin remains largely bullish, supported by a solid foundation of adoption and fundamentals.
Saturday, March 29, 2025, at the time of publication, the price of BTC was quoted at US$ 82.773,02 with a drop of 3% in the last 24 hours.