US Government Moves $770M in Seized Bitcoin to Coinbase Prime

The signal here is custody, not supply: moving seized coins into an institutional prime brokerage arm is standard handling, and no sale has been announced, so the transfer alone says little about market intent. What matters is the disclosure of newly identified seizure-linked funds, which suggests law enforcement inventories can keep growing as tracing improves. Whether those coins eventually reach the market, or sit in government custody, remains the open question worth watching.