Is BlackRock dumping? Millions in BTC and ETH on the move as ETF losses deepen #BinanceHODLerTOWNS #BuiltonSolayer #BitcoinTreasuryWatch $BTC
An ongoing portfolio shuffle by the asset manager and ETF issuer is pointing to signs of a looming sell-off
On August 5, blockchain trackers spotlighted major transfers from wallets linked to BlackRock, showing 2,544 Bitcoin Bitcoin
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Bitcoin and 101,975 Ethereum (ETH) deposited into Coinbase Prime. At the time of the deposits, the assets were worth around $292 million and $372 million, respectively. While there’s no confirmation yet that the funds were sold, moving assets from cold storage to an exchange like Coinbase Prime is often seen as a step toward liquidation, marking a u-turn from the issuer’s months-long streak of purchases.