The U.S. government suddenly transferring coins into Coinbase?

The market instantly starts speculating about a "big sell-off era"

Recently, there's a particularly classic scene in the crypto world:
As soon as the U.S. government wallet moves, the entire market immediately experiences collective PTSD.
After transferring $1.9 million in crypto assets and 2.65 million DAI into Coinbase, the market exploded instantly.
Because in the crypto circle:
"Government transferring coins"
Almost equals:
"The sky begins to darken."
Many people's first reaction is:
— Are they going to sell?
Especially after experiencing the government auctioning BTC before, the market has developed a conditioned reflex.
As soon as on-chain anomalies appear, everyone immediately imagines:
"Done for, they’re going to dump."
The funniest part is:
Many retail investors are even more nervous than the government.
The government might just be switching wallets.
The market has already entered a financial crisis mode in advance.
But honestly,
This kind of panic is not surprising.
Because the market is already fragile.
BTC weakening;
ETH with high leverage short positions;
Middle East tensions escalating;
The Federal Reserve leaning hawkish again.
At such times, any small movement is amplified infinitely.
Especially in the era of on-chain data, the market is becoming more and more "transparent."
In the past, institutions selling assets, retail investors only realized afterward.
Now, it’s different.
When a wallet moves, it’s live-streamed across the entire network.
As a result, everyone watches the chain every day, like following a suspense drama.
Who transferred coins?
Who deposited into exchanges?
Who withdrew coins?
The entire crypto world is increasingly resembling a "large-scale blockchain monitoring reality show."
And what’s truly interesting is:
Many times, the market falls not because of actual selling,
but because everyone "thinks they need to sell."
The essence of financial markets is never just about capital.
It’s also about emotions.
And the biggest characteristic of emotions is:
— Contagious. #24h加密合约清算破4亿美元