• A wallet labeled as one owned by the US government moved close to 28,000 BTC to an unknown wallet.
• Blockchain intelligence firm suggest the address is connected to Coinbase.
• BTC is down 3%, dropping below $67,000 following the announcement.

The US government transferred $2 billion worth of Bitcoin to a wallet potentially linked to Coinbase Prime custody on Monday. The transfer follows Arkham Intelligence analysis revealing the US BTC holdings to be $12 billion. Meanwhile, BTC is down over 3% since the announcement.