BlackRock just pulled 11,185 ETH (≈$27.2M) from Coinbase Prime.
Not a test. Not a drill. That’s real size — and real conviction.
Whenever institutions this deep go long ETH and withdraw to cold storage, they’re not playing for a 2% swing. This is positioning. Think narrative, think timeline, think ETF flows and the next market leg.
I’m watching ETH closely over the next 48 hours — setups like this often trigger secondary moves across L1s and DeFi names.