BlackRock is accelerating its crypto offloading — and this time, it’s the biggest move of 2026 so far. As February kicks off, the world’s largest asset manager just sent $671 million worth of Bitcoin and Ethereum to Coinbase, fueling fresh fear across the market.
📊 What happened? On-chain data from Lookonchain shows BlackRock transferred:
6,918 BTC (~$538.6M)
59,327 ETH (~$133.6M)
That’s a massive combined deposit — widely interpreted as preparing for sale, especially given current market conditions.
📉 Why it matters The timing couldn’t be worse for bulls. Bitcoin and Ethereum are already under heavy pressure, retesting multi-month lows amid rising macro uncertainty. Large institutional transfers like this often precede sell-side liquidity events, and markets reacted accordingly.
At the time of reporting:
BTC hovered near $78,300
ETH traded around $2,370
Both showed renewed bearish momentum following the deposits.
🏦 ETF pressure adding fuel Just days earlier, BlackRock’s spot Bitcoin ETF (IBIT) posted its largest outflow of 2026:
$528.3M exited IBIT on Jan 30
This signals that institutional investors aren’t buying the dip — they’re reducing exposure.
🧠 Bottom line While BlackRock hasn’t officially confirmed these transfers as sales, the size, frequency, and timing strongly suggest continued risk-off behavior. With volatility elevated and confidence fragile, big money appears to be stepping back — not stepping in.
Markets are watching closely.
Is this smart de-risking… or the final shakeout before a reversal? 👀📉
#StrategyBTCPurchase #WhenWillBTCRebound #BitcoinETFWatch #USGovShutdown #MarketCorrection 