US Bitfinex Hack BTC Transfers to Coinbase Fuel Sell Fears as Whales Activate, Price Holds $75K

Latest reports on April 18 speculate U.S. government may sell $606K in Bitcoin from the 2016 Bitfinex hack after moving ~8.2 BTC to Coinbase Prime, amid whale outflows to exchanges and 'extreme fear' sentiment. Transfers began April 16 with 8.25 BTC (~$600K), followed by splits of 7.999 BTC and 0.197 BTC on April 17, representing just 0.0024% of the U.S.'s 328,361 BTC ($24B) holdings. A 2025 court order mandates in-kind return to Bitfinex for Recovery Right Tokens redemption and ≥80% LEO token burns, tempering immediate sell pressure, yet Bitcoin trades steady at ~$75,611 (+1.09%) ahead of Fed decision.