The transfer involved funds seized in the Bitfinex hacking case. More than 6,200 BTC had moved to Coinbase Prime in the prior two days.
On Thursday, DK Bank, Bhutan's fully digital bank, announced it had secured preliminary regulatory approval to establish a financial services presence in Abu Dhabi, United Arab Emirates. The development marks another step in the bank's international ambitions, positioning Bhutan's Gelephu Mindfulness City (GMC) to forge stronger ties with global financial institutions and investors.
Total Bitcoin liquidations reached $14.69 million as BTC rose 0.14% to $82,598 during the period.
About 9,261 Bitcoin moved to Coinbase Prime on Oct. 7-8. The transfers do not establish that the cryptocurrency was sold.
Glassnode recorded $4.9 billion in new capital inflows into Bitcoin during the 30 days leading up to October 5. Existing investors accounted for approximately 60% of the $12.8 billion increase in BTC's realized capitalization. Short-term holders accounted for 86% of profitable transfers to exchanges on a day when Bitcoin surpassed $85,000.
The Wednesday withdrawals were the largest since June 25 and pushed October's net flows to about $163 million in outflows.
The movement of such a large Bitcoin reserve by the US government could influence market dynamics and investor sentiment significantly. US government moves 17,795 Bitcoin worth $1.5 billion in three days.
The bank also lifted its Ether target to $3,028 as crypto inflows increased despite unusually low trading volume.
Bitcoin traded at $82,200 on Binance spot at 10:03 a.m. ET (14:03 UTC) Oct. 8 after moving above $82,000.
Glassnode co-founder's latest figures show growing public-key exposure as Justin Drake urges preparations for potential AI attacks on wallet cryptography.
The twelve-month forecast sits below Bitcoin's prior record, while fresh Glassnode data leave broad buying participation uncertain.
The address transferred 12,267 BTC at 9:33 a.m. ET Thursday after related wallets sent more than 6,200 BTC to Coinbase Prime over two days.