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The US government just transferred 3.2 ETH to Coinbase Prime. That's only about 7.6K, so it's not a large sell pressure.
But, every time the government dumps seized crypto, I get a bit uneasy. Maybe they're testing the market with a small stack before handling larger bags.
It's not worth changing my position just because of this, but I will keep an eye on larger deposits. If this pattern repeats with more volume, it could be a subtle bearish signal.
Are they just clearing out small wallets or preparing for a bigger sale?
$ETH
#GateSquareMayTradingShare