BlackRock just deposited 7,048 BTC (worth $517 million) into #CoinbasePrime in the past hour.
This marks the largest net inflow of #BlackRock's Bitcoin in a single day ever.
🔹 Typically, deposits to exchanges are seen as a bearish signal in the short term, as it may indicate an intention to short or increase liquidity in the market.
🔹 Conversely, withdrawals from exchanges are often viewed as a bullish sign, as it suggests moving assets to cold wallets or holding for the long haul, thereby decreasing the supply available for trading.
Source
#رصد_المحافظ $BTC
This marks the largest net inflow of #BlackRock's Bitcoin in a single day ever.
🔹 Typically, deposits to exchanges are seen as a bearish signal in the short term, as it may indicate an intention to short or increase liquidity in the market.
🔹 Conversely, withdrawals from exchanges are often viewed as a bullish sign, as it suggests moving assets to cold wallets or holding for the long haul, thereby decreasing the supply available for trading.
Source
#رصد_المحافظ $BTC