Crypto
K33 Analysts Dismiss Large-Scale Bitcoin Sale by US Authorities
K33 analysts believe recent Bitcoin transfers by US authorities are for custody, not sales.
Mercation Admin
October 13, 2026 1 min read
Recent transactions involving US government wallets have seen the transfer of approximately 17,733 BTC to Coinbase Prime. However, analysts from K33 Research believe that these movements are primarily asset transfers for custody rather than sales. Of this total, 12,267 BTC are linked to the Bitfinex hack and are currently under claims review. Coinbase Prime has been the custodian for the US Marshals Service since 2024. Additionally, around 1,200 BTC associated with FTX and HashFlare may be sold to cover compensation claims.



