Analysis: The Bitcoins transferred by the US government last night may not have been sold yet, or they may not have flowed into the secondary market through OTC transactions

Blockchain analyst Aunt Ai reviewed the event of the US government transferring Bitcoin last night, with the specific process as follows:

1. At 00:34 in the early morning, the US government deposited 10,000 BTC into CEX.

2. At 00:47 in the early morning, this batch of BTC was credited to CEX's hot wallet 3MqUP.

3. From 00:47 to 05:38 in the early morning, ten thousand BTC were distributed to 21 new addresses, each receiving an amount of approximately 498.445 tokens. Currently these tokens have not been further transferred from these addresses.

Comparing this with TradingView's trading volume during corresponding time periods shows that at times when prices spiked sharply downwards or upwards (the "pin" moments), there was only an average trading volume of about 300 BTC every fifteen minutes - meaning that CEX did not have a matching trade for dumping a quantity of ten thousand Bitcoins onto market all at once. Aunt Ai speculates that possible scenarios could be as follows: they haven't sold yet and plan to sell off bit by bit from different wallets later; or they've already been taken over by some organization through OTC transactions and didn't flow into secondary markets.