$BTC / $ETH — BlackRock Move Explained (No Panic) 🧠📊
Headlines are loud, but the data is calm.
BlackRock just moved $250M+ worth of BTC & ETH, and no — this is not a panic sell. On-chain flows show transfers from IBIT (BTC ETF) and ETHA (ETH ETF) wallets straight to Coinbase Prime, their usual custody and settlement hub.
Here’s what actually happened:
• Multiple 300 BTC batches moved from IBIT
• Over 20,000+ ETH transferred from ETHA
• Destination: Coinbase Prime, not open market exchanges
This is classic ETF mechanics — redemptions, rebalancing, or authorized participant settlement. It’s operational flow, not fear-driven dumping.
Most importantly:
🚫 No proof of immediate spot selling
🚫 No exchange order-book flood
🚫 No structural breakdown on BTC or ETH charts
Markets often react first and verify later. Until we see real sell pressure reflected in price and volume, this is just noise dressed as drama.
Stay sharp. Follow the data, not the headlines. 📈
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