Just in ~1 hour, the BlackRock-related IBIT Bitcoin ETF continuously transferred 300 BTC at a time into Coinbase Prime Deposit.
A total of thousands of BTC were circulated, along with ~6.9K BTC directly deposited into Coinbase Prime Hot Wallet.
⚠️ This is not small retail money.
Coinbase Prime is the playground for institutions & ETFs → every move has a purpose.
🔍 2 notable scenarios:
Preparing liquidity for the new ETF cash flow → potential bullish.
Repositioning short positions when the market shakes → prone to strong volatility.
📌 Key point:
When BlackRock moves BTC, the market rarely stands still.
The issue is not whether there is volatility or not, but in which direction the volatility occurs.
👉 In your opinion, is this accumulation before a new wave or preparation for a short-term shakeout?
#bitcoin #blackRock #etf #Onchain #CryptoMarket
