Alameda-linked Bitcoin transfer re-enters government-held assets into circulation
A transfer of 24.41 BTC seized from FTX-Alameda assets has moved back into circulation, testing Bitcoin's recent rally momentum.
Bitcoin from seized FTX-Alameda complex assets has been transferred for the second time in three years, with Arkham Intelligence tracking a movement of 24.41 BTC (worth $1.92 million) from a wallet labeled "FTX Alameda Seized Funds" to another address. The transaction marks the re-entry of government-held Bitcoin into circulation and potentially represents a test of the cryptocurrency's price resilience.
Bitcoin is on track to close August in positive territory, ending a four-year narrative of negative monthly returns. The token has rallied 25% this month, positioning it for the best monthly return since the 2017 cycle and suggesting strong momentum heading into September. From a technical perspective, increased demand through the remainder of Q3 could offset selling pressure from the Alameda activity.
Institutional demand remains supportive, with Bitcoin ETFs recording $232 million in net inflows on August 26, marking the eighth consecutive day of inflows. Total monthly ETF flows have surpassed $3 billion, recovering to pre-October crash levels. Bitcoin has rebounded nearly 23% from weekly lows and is currently testing the $78,000 level, though it remains slightly negative on intraday charts. Bitcoin dominance has stayed above 60%, highlighting its relative strength compared to alternative assets.
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