This one’s big… but yeah, not something to instantly panic over.
In the past few hours, #BlackRock moved 1,360
$BTC (around $90M) and another 15,103
$ETH (about $30M) into Coinbase Prime. That’s serious size, no doubt… the kind that always grabs attention.
But moves like this don’t automatically mean “sell.”
For institutions, transfers to Coinbase Prime can be a bunch of things-- custody shifts, internal rebalancing, preparing liquidity, or even setting up for structured trades. It’s not always a straight line to market dumping.
So yup, big flow… worth watching. But not a clear signal on its