U.S.-linked government wallets moved more than $103 million in cryptocurrency on Oct. 6, transferring 833.599 BTC worth roughly $71.56 million and 40,285 BNB valued near $31.63 million, according to on-chain data.

The Bitcoin, drawn from forfeited and seized funds including assets tied to the Bitfinex hack case and the Potapenko/Turogin forfeiture, later arrived at addresses identified by analytics platform Arkham as Coinbase Prime deposit addresses. Blockchain records alone, however, do not establish that the government has sold or intends to sell the assets, and the next concrete data points for observers will be any subsequent movement of the funds away from those custody addresses, along with official disclosures about how the coins are ultimately handled.

Where the Funds Came From and Where They Went

The 833.599 BTC originated from two pools of seized assets. Approximately 568.7 BTC came from the wallet that Arkham linked to Potapenko/Turogin's forfeited funds, while another 264.9 BTC derived from coins seized in the Bitfinex hack case, which stems from the 2016 breach of the exchange. The government sent the Bitcoin to two separate addresses, both of which subsequently forwarded the coins to Coinbase Prime deposit addresses.

The BNB followed a distinct route. A government-labeled wallet transferred about 40,285 BNB to an unlabeled address, which then forwarded the full amount to a second unlabelled address, 0x6fB3Fe7b7E78AbB84CE007cBC7412C850B15A579. Arkham linked the BNB to assets seized from Alameda Research, the trading firm founded by Sam Bankman-Fried that collapsed alongside the FTX exchange.

The transfers come as the U.S. government continues to hold roughly $27.5 billion in seized cryptocurrency. They also take place under a U.S. policy framework established in March 2025: under the executive order cited in the report, forfeited Bitcoin is intended for inclusion in a Strategic Bitcoin Reserve, a designation that positions government-held Bitcoin as a retained reserve asset rather than coins earmarked for routine sale.

Bitcoin's arrival at Coinbase Prime addresses has drawn attention because such destinations can support institutional trading and custody. Even so, transaction data on-chain does not confirm that the government exchanged the Bitcoin for dollars or any other asset.

Bitcoin: $68.9K Remains a Key Level

Bitcoin's Trader On-chain Realized Price stands near $68,900, while the upper band sits at approximately $96,500. Having moved above the trader cost basis, Bitcoin has placed $68,900 at the center of its current recovery.

Historical episodes in 2019, 2020 and early 2023 also featured periods in which Bitcoin traded above the trader realized price testing the underlying cost basis again. A return toward $68,900 would therefore test whether Bitcoin can maintain its position above that baseline. Holding the level and moving higher would keep the recovery structure above the baseline, with $96,500 remaining the upper reference band.

Conversely, sustained trading below $68,900, followed by a failed recovery, could leave Bitcoin exposed to additional selling pressure. The $96,500 level functions as a reference zone rather than a fixed price target.

BNB: $1,375 Resistance Ahead of $2,112 Target

BNB trades near $772 after breaking above the $702.03 level marked on the monthly technical setup. The chart identifies $1,375.11 as the next major resistance area above the current price; a move through that level would bring the $2,112.47 Target 1 into focus.

A sustained advance beyond $2,112.47 would open the path toward the longer-term $4,712.56 Target 2 shown on the chart, though BNB would first need to clear the intermediate resistance levels and maintain its breakout structure.

An accumulation zone sits below the current price, with support extending across the lower range. A failure to hold that support area could send BNB back toward lower levels before another recovery attempt. The chart also marks $212.11 as the last major support zone.

This article is for informational purposes only and does not constitute financial or investment advice. Blockchain transfers do not by themselves confirm asset sales, while technical levels and market prices may change.