BlackRock is making big moves again! 360 million in crypto assets transferred, and everyone in the crypto world is guessing what this is all about?
Just when things settled down for a few days, the 'big boss' of the asset management world, BlackRock, made some noise again—4 hours ago, it suddenly transferred 1,885 Bitcoins to Coinbase Prime, worth about 112 million dollars at current prices; shortly after, it transferred nearly 60,000 Ethereum, roughly 254 million dollars, totaling a massive on-chain transfer of 360 million dollars!
As soon as this operation was announced, the crypto community erupted. It’s important to note that BlackRock manages trillion-dollar assets, and every move it makes is seen as a 'barometer' for the market. Previously, when it applied for a Bitcoin spot ETF, the market celebrated for quite a while; now, with such a large-scale transfer, is it making new arrangements, or is it clearing space for future moves?
Some speculate that this could be preparation for rebalancing after ETF approval, while others worry that this could be 'warming up before a dump,' as transfers of such big funds are never aimless. Now the on-chain data is plainly laid out, and investors are afraid to blink, worried about missing key signals—after all, such large fund movements could indicate upcoming market volatility sooner than expected.
