⚠️ BlackRock moved over $200M in BTC and ETH as ETF pressure continued.
On-chain data shows 2,201 BTC and 7,557 ETH were sent to Coinbase Prime in late December. This happened on the same day Bitcoin ETFs saw –$275.9M in net outflows, led by IBIT.
This doesn’t automatically mean selling, but when moves like this happen during ongoing outflows, it usually signals a more cautious approach. Big players often adjust positions quietly before making larger decisions.
It could be routine management, or simply staying flexible in an uncertain market. Either way, it’s something worth keeping an eye on rather than jumping to conclusions.
Just sharing an observation — curious how others are reading this.
