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BlackRock deposits 4,113 BTC ($429.4M) to
By Cryptopolitan_News
5 minutes ago
BlackRock deposits 4,113 BTC ($429.4M) to Coinbase Prime
Table of Contents
BlackRock ends Bitcoin buying streak
Ether tops crypto funds in inflows
On-chain data from Arkham Intelligence revealed that BlackRock deposited 4,113 BTC (roughly $429.4 million) to Coinbase Prime 2 hours ago. The transaction is the company’s first move to sell after more than a month of consistent buying.
BlackRock’s latest large-scale deposit signals a possible shift in institutional sentiment and could increase short-term BTC volatility, with traders waiting for potential price corrections and further sell-side pressure. The firm’s move is notable as its previous consistent accumulation had supported bullish momentum in the crypto market.