$BTC BlackRock Moves $250M+ BTC & ETH — Not a Panic Sell 🚨
Contrary to panic headlines, BlackRock has NOT dumped crypto on the market.
On-chain data shows large transfers from BlackRock ETF wallets (IBIT & ETHA) to Coinbase Prime, not direct market sells.
In the past hour, BlackRock transferred ~$250M+ worth of assets, including:
- Multiple 300 BTC batches from IBIT (Bitcoin ETF)
- ~20,000+ ETH from ETHA (Ethereum ETF)
All routed to Coinbase Prime custody, their primary execution and settlement venue.
These movements are standard ETF operations — typically related to redemptions, rebalancing, or AP (authorized participant) settlement, not discretionary selling based on news or politics.
Crucially, no evidence shows immediate spot selling on exchanges. Transfers to Coinbase Prime ≠ market dumps.
Is this routine ETF flow — or are markets overreacting before confirming actual sell pressure? ⚡️
