According to Onchain Lens monitoring, BlackRock has deposited 3,625 BTC (~$212M) and 20,598 ETH (~$32.39M) into Coinbase, with potential additional deposits. Over the past three days, BlackRock has sent a total of 15,442 BTC (~$919M) to the exchange, signaling a significant institutional capital shift. This movement may indicate liquidity management or potential selling, warranting close observation of on-chain activity.
BlackRock Transfers Large Amounts of Crypto to Coinbase
Onchain Lens, a blockchain tracking platform, reports that asset management giant BlackRock has recently executed substantial crypto transfers to Coinbase. The latest transaction shows a deposit of 3,625 BTC (valued at approximately $212 million) and 20,598 ETH (valued at approximately $32.39 million), with further deposits possible.
A broader look reveals that over the past three days, BlackRock has cumulatively deposited 15,442 BTC, totaling roughly $919 million into Coinbase. This pattern has drawn attention, as large institutional transfers to centralized exchanges often precede eventual sales or portfolio rebalancing. Traders are advised to monitor on-chain data for follow-up movements.
As the world's largest asset manager, BlackRock's crypto actions carry weight in market sentiment. The concentrated inflow may heighten short-term volatility for both BTC and ETH.
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