US authorities move $1B in seized Bitcoin, triggering drop below $81K

On October 8, 12,267 BTC worth roughly $1.01 billion left a wallet tied to funds seized after the Bitfinex breach. The coins went to an unknown address that analysts suspect could be another government-controlled wallet or a staging point ahead of a Coinbase transfer.

This follows an earlier move of more than 6,200 BTC sent to Coinbase Prime in the previous two days. Bitcoin’s price quickly slipped under the $81,000 mark.

No official word has come from US agencies, so traders are left guessing whether the coins are headed for sale or simply being reorganized.

Based on information from cryptonews.net