🚨 $BTC UPDATE: BlackRock Moves Over $250M in BTC and ETH — No Signs of Panic Selling
In spite of sensationalist news, BlackRock has NOT unloaded cryptocurrency onto the market.
Tracking on the blockchain indicates notable fund transfers from BlackRock’s ETF wallets (IBIT & ETHA) into Coinbase Prime, their main platform for custody, execution, and settlement — not into retail trading platforms.
What has occurred in the last hour:
Multiple transfers of 300 BTC each from the IBIT Bitcoin ETF
More than 20,000 ETH moved from the ETHA Ethereum ETF
📦 Overall worth: $250M+
📍 Endpoint: Coinbase Prime (custody and settlement)
These activities are typical for ETFs, including:
Settlements with Authorized Participants (AP)
Redemption of funds
Adjustment of portfolio allocations
There are no indications on the blockchain suggesting immediate selling in the spot market.
Transfers to Coinbase Prime do not equate to forced sales on the market.
Thus, the key inquiry is:
Are we observing standard ETF fund activities — or is the market overreacting without confirming genuine sell pressure?
⚡️ Remain focused on the data.
#Bitcoin #Ethereum #CryptoETFs #OnChain #WAGMI
BTC
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ETH
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