📰 BlackRock Moves Bitcoin to Coin🅱️ase, Raising Market Selling Pressure
📌 Crypto markets heat up again! Arkham Intelligence reports that BlackRock has transferred 2,201 BTC (~$192M) to Coinbase Prime amid a 7-day outflow from Bitcoin ETFs. Bitcoin has struggled to stay above key resistance levels 😬. The on-chain data suggests that other major players like Binance, Wintermute, Coinbase, and Fidelity may have sold $3.5B in BTC around the same time 🤯.
📊 Impact on Price & Sentiment:
A move by a heavyweight like BlackRock increases liquidity but can create short-term fear, potentially driving volatility or selling pressure 🔄.
💭 What do you think — short-term pressure or a turning point for Bitcoin? Drop your thoughts below! 👇
