Δημοσίευση
Neeeno
·
--
BlackRock just moved 2,563 BTC and 49,852 ETH (roughly $250M) into Coinbase Prime, and people are treating it like a panic sell.
That’s not what this wallet move means.
Coinbase Prime is where institutions custody, rebalance, and execute trades. Funds move there when a manager needs flexibility—not automatically because they’re “getting out.” If BlackRock’s Bitcoin and Ethereum funds see redemptions, they often have to rebalance. Transfers like this can be routine plumbing.
The bigger signal isn’t the transfer. It’s the flows.
We’ve been seeing institutional outflows in February, and that usually lines up with macro nerves—rates, policy risk, and geopolitical tension making risk desks more defensive.
So here’s what I’m watching:
BTC holding above ~$60K = market absorbs the pressure.
BTC losing ~$60K = leverage gets stressed, and selling can snowball fast.
On-chain data shows movement. It doesn’t tell the motive. The motive shows up later—in flows, execution, and price reaction.
#BTC $BNB $BTC
That’s not what this wallet move means.
Coinbase Prime is where institutions custody, rebalance, and execute trades. Funds move there when a manager needs flexibility—not automatically because they’re “getting out.” If BlackRock’s Bitcoin and Ethereum funds see redemptions, they often have to rebalance. Transfers like this can be routine plumbing.
The bigger signal isn’t the transfer. It’s the flows.
We’ve been seeing institutional outflows in February, and that usually lines up with macro nerves—rates, policy risk, and geopolitical tension making risk desks more defensive.
So here’s what I’m watching:
BTC holding above ~$60K = market absorbs the pressure.
BTC losing ~$60K = leverage gets stressed, and selling can snowball fast.
On-chain data shows movement. It doesn’t tell the motive. The motive shows up later—in flows, execution, and price reaction.
#BTC $BNB $BTC
Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.