Renowned investor Cathie Wood speculated about the U.S. government’s role in the record movement of inactive Bitcoin BTC/USD on Saturday.

What Happened: Wood, the CEO of ARK Invest, was responding to an X post by Ark analyst David Puell, who highlighted the highest single-day amount of coinblock destruction in Bitcoin’s history.

Coin Days Destroyed is a metric that tracks the movement of BTC based on how long they have been held before being transacted. The more old coins move, the higher the metric.

Puell said a record 1.1 million coin-years, with 6.5 years of holding time value, moved in a single day.

The lack of price volatility in response, unlike typical movements of dormant…

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