Urgent 🚨: BlackRock transfers 4,113 Bitcoin to Coinbase Prime!
📦 According to on-chain data, BlackRock has moved 4,113 BTC worth approximately $429.4 million to the Coinbase Prime platform just two hours ago.
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🤔 What does this mean?
The move to a trading platform may indicate a partial or full selling intention, which could affect the market in the short term.
The transfer to Coinbase Prime, a platform dedicated to institutions, suggests a potential deal with another institutional party or an internal arrangement.
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📉 Expected impact:
If this move is followed by a sale, we may witness temporary selling pressure on Bitcoin.
On the other hand, if the deal is over-the-counter (OTC), the impact on the price may be limited.
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