The US government transferred 17,733 BTC valued at $1.48 billion and 750 WBTC worth $62 million into Coinbase Prime over the past three days, according to on-chain monitoring data from Lookonchain. The combined deposit totals approximately $1.54 billion in Bitcoin-related assets moved to the institutional custody platform. Bitcoin's price declined 6.9% during the same three-day window as the government transfers were executed. The timing of the large-scale deposit coincides with the recent downward price pressure in the broader crypto market.