$BTC BlackRock Moves $250M+ BTC & ETH — Not a Panic Sell 🚨

On-chain data confirms significant transfers from BlackRock's ETF wallets (IBIT & ETHA). Contrary to panic headlines, BlackRock has not dumped crypto on the market.

Over $250M in assets were transferred in the past hour. This includes multiple 300 BTC batches from IBIT and approximately 20,000+ ETH from ETHA.

All funds were routed to Coinbase Prime custody, BlackRock's primary venue for execution and settlement.

These movements are standard ETF operations, commonly linked to redemptions, rebalancing, or Authorized Participant (AP) settlement processes. This is not discretionary selling based on market news or political events.

Crucially, there is no evidence of immediate spot selling on exchanges. Transfers to Coinbase Prime do not equate to market dumps.

Is this simply routine ETF flow, or are markets reacting prematurely without confirmed sell pressure? ⚡️

#Bitcoin #Ethereum #OnChain #wendy