US Government Dumps $1.54B in Seized BTC to Coinbase Prime
The deposit coincides with a 6.9% BTC drawdown, raising fresh questions about whether seized-coin liquidations are now a structural overhang on price.
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The deposit coincides with a 6.9% BTC drawdown, raising fresh questions about whether seized-coin liquidations are now a structural overhang on price.
The $4.26M conversion puts AAVE accumulation on-chain, but two wallets alone do not establish a broader market trend.
The LlamaRisk plan lifts WBTC and cbBTC leverage to 81% LTV with an 85% liquidation threshold, but the price drop a fully leveraged loan can absorb shrinks from about 6.4% to 4.7%.
The vault targets 1.5% to 2% annual yield with a $250,000 minimum, and the $10 million first-loss commitment signals how seriously Two Prime is betting its own balance sheet on onchain bitcoin credit.
A single wallet adding 54K ETH and 600 WBTC in three weeks is not a trade; it is a directional bet that the smart-money read on the cycle has shifted from neutral to accumulative.
Six straight days of withdrawals now tally $84.3M in ETH and 250 WBTC, a coordinated trim of exchange-side supply that landed before ETH's push through $1,700.
A single address has now pulled 34,577 ETH and 250 WBTC off Binance in ten days, a quietly consistent bid that suggests accumulation rather than rotation.
The Maltese Seas founder keeps adding at the same pace he has all month: 86,998 ETH and 973 WBTC pulled from Binance in 30 days at well-below-current prices, a steady accumulation pattern rather than…