$BTC $ETH — BlackRock Moves $257M to Coinbase
In the past 24 hours, BlackRock transferred $257M worth of $BTC and ETH to Coinbase, sparking market speculation. On-chain data shows 3,402 BTC ($227.5M) and 15,108 ETH ($29.5M) moved in multiple transactions — a pattern often linked to potential selling or institutional rebalancing.
Why it matters:
Such large transfers can increase market volatility and shift sentiment, especially amid ETF outflows and macro uncertainty. While moving funds to exchanges doesn’t confirm selling, it often signals risk management or strategic repositioning.
Market Impact:
📉 Possible short-term bearish pressure
⚡ Higher volatility ahead
🟢 Potential buying opportunities for long-term investors
Bottom Line:
BlackRock’s move highlights active institutional risk management. The market is watching closely — stay alert and trade smart. 🚀
#BTC #Ethereum #MarketRebound #WriteToEarnUpgrade #USJobsData
