🚨 BlackRock just moved $440M in $BTC — confirmed on-chain

🧩 Verified via Arkham Intelligence:
The BlackRock IBIT Bitcoin ETF wallets transferred multiple batches of ≈300 BTC each to Coinbase Prime over the last 24 h —
total 4 000 BTC ($440 M).
Not rumors. On-chain facts. 👇

⸻

🔍 What happened

•Transfers went to Coinbase Prime (custodian) — not random wallets.

•Most likely ETF redemptions / internal rebalancing, not panic selling.

•$ETH wallets also showed 10 000 ETH ($35 M) outflows.

⸻

📉 Why it matters

This liquidity shift hit the market yesterday, creating the sharp dip across $BTC , $ETH, and high-beta alts like $WLD.
In short — it wasn’t retail capitulation.
It was BlackRock rebalancing supply while maintaining net ETF exposure.

⸻

📊 Balance snapshot

•IBIT holdings: 806 K BTC → 802 K BTC

•Total ETF value: $110 B → $102 B
➡️ perfectly matches the on-chain reduction.

⸻

⚖️ Takeaway

•✅ On-chain = confirmed outflow

•⚠️ Interpretation = liquidity rotation, not sell panic

•🧭 Trend intact above $108 K BTC — likely a controlled shakeout before the next leg up.

⸻

🔗 Source: intel.arkm.com
#BlackRock $BTC #ETF #OnChain #Arkham #AltLeak #CryptoMarket