Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) has been under selling pressure.

On-chain data provider Glassnode recently reported that nearly 40,000 Bitcoins from wallets linked to the US Government law enforcement seizures are currently on the move. While a majority of them appear to be internal transfers, some of them have also moved to the crypto exchange Coinbase.

Glassnode notes: “approximately 9,861 $BTC seized from the Silk Road hacker have been sent to our Coinbase cluster”. 

(By Bhushan Akolkar)