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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2263. (Read 26630370 times)

legendary
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legendary
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hero member
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bitcoin retard
Women's-day might have many WOguys occupied...
legendary
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legendary
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Does this have anything to do with the mounting pressure on Bitcoin's price for the moment?

The wallet is connected to US government law enforcement. 40,000 BTC have just been moved. I wonder why they didn't empty the wallet and left 825 BTC in it? That's a bit weird. It's a good question how many BTC the government still has as I am not sure whether they would announce every single BTC seizure publicly. They do announce the big ones for sure as they draw a lot of public attention anyway, but I guess they are sitting on quite some more.



They left 125.6K of their holdings after sending 9.8K to Coinbase, the 825 BTC balance is just one of many addresses, probably not that relevant.

There's a 40K transaction but 30K looks like a change address (not Coinbase and remains unsepnt).

Probably just paid Coinbase $200m for some dodgy blockchain analysis or something  Cheesy

https://beincrypto.com/us-gov-law-enforcement-wallet-moves-millions-bitcoin-will-sell/



For anyone slightly interested, Coinbase broke these up mainly into 10 BTC increments as well as some 476 BTC increments:



They initially broke them down into 100x 93 BTC increments (excluding one 476 increment - a 4.85% fee if I had to guess), while merging them into batches of 16.

Then down into increments of roughly 130x 10 BTC as well as 16x (ish) 476 BTC increments, which also remain unspent. That's roughly 9K unspent as far as I can tell.

The square dots are unspent transactions, the blue are spent, some are small 4 BTC amounts. Otherwise all very precisely calculated!

On the face of it, nothing much has happened with these coins so far, so not convinced there's much selling pressure from this batch.

Unless someone wanted to buy 9K BTC in increments of 10 and 476 via OTC, then it's already been sold.

Edit: Had to correct the math on that a bit
legendary
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hero member
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bitcoin retard
Watch Senator CynthiaMLummis defend #bitcoin mining energy use in Congressional hearing today
https://twitter.com/DocumentingBTC/status/1633214192437084161


She obviously gave her best and was very motivated.

but imo she should have attacked the argument of POW not being needed by asking him about:

- lack of decentralization with POS
- lack of freedom to fork away from any current stakers (nothing at stake)
- ...

would probably have been important news to many in the room and flabby guy wouldn't be able to rebut any of that
legendary
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legendary
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Far, Far, Far Right Thug
legendary
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BTC + Crossfit, living life.
legendary
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legendary
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legendary
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icarus-cards.eu
perhaps very good news to all miners from the federal state of missouri Smiley


https://legiscan.com/MO/text/HB764/2023
legendary
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hero member
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Play Bitcoin PVP Prediction Game
Does this have anything to do with the mounting pressure on Bitcoin's price for the moment?

The wallet is connected to US government law enforcement. 40,000 BTC have just been moved. I wonder why they didn't empty the wallet and left 825 BTC in it? That's a bit weird. It's a good question how many BTC the government still has as I am not sure whether they would announce every single BTC seizure publicly. They do announce the big ones for sure as they draw a lot of public attention anyway, but I guess they are sitting on quite some more.



sr. member
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Freedom, Natural Law
legendary
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legendary
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Wrong way buddy.  Turn it around.
legendary
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legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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