BlackRock moves another $135 million ETH, is a storm coming?
The world's largest asset management company, BlackRock, has once again transferred $135 million worth of Ethereum to the cryptocurrency exchange Coinbase.
In the past week, the most closely watched event in the cryptocurrency market has been the frequent movements of on-chain whales. According to blockchain data monitoring, on December 3, 2025, the world's largest asset management company BlackRock deposited 44140 Ethereum into Coinbase Prime, valued at approximately $135.36 million.
Just a month ago, the same operation has been performed multiple times. On November 4, BlackRock transferred over $290 million worth of Bitcoin and Ethereum to Coinbase; on November 17, the company again transferred approximately $470 million worth of Bitcoin and $176 million worth of Ethereum. The first two transfers coincided with a sharp decline and liquidity tightening in the cryptocurrency market, and their actions were seen by the market as reinforcing bearish signals, exacerbating market volatility.