BlackRock suddenly takes action! 8,172 ETH rush into Coinbase, what does this sell-off mean?
Breaking! Just now, after a continuous buying spree for over a month, BlackRock has deposited 8,172 ETH (approximately $18.4 million) into Coinbase Prime for the first time, confirmed by on-chain data. This is not an ordinary transaction; it is a signal of large capital actively releasing.
Continuous accumulation → first sell-off, behind this could either be a strategy rotation or a shift in sentiment. The key is that this wave of selling happens just after ETH has rebounded for several days, indicating a strong intent to distribute at high levels.
