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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 own. More like… positioning behind the scenes rather than a loud move on the surface.