These are the trending topics right now because BlackRock transferred 101,975 ETH, which is worth $365 million, to Coinbase Prime.
Most people think it's for selling.
But personally, I don't expect it to be for selling. The transfer to Coinbase Prime for institutions does not mean selling; there are many possibilities, such as storage.
Safe ๐งต๐
2/๐งต
Coinbase Prime is responsible for storing digital assets for the largest institutions because it provides them with very strong protection.
It could also be for staking or reports on its Ethereum fund operations.
m
3/๐งต
They used to do it with Bitcoin before, and people were afraid and sold, thinking that BlackRock was selling to them. After a short time, you find them receiving large amounts, and the market rises beautifully ๐.
In a few days, we will see BlackRock receiving large amounts of Ethereum, and the price will rise โ๏ธ...