BlackRock Moves $135 Million in $ETH to Coinbase Prime
On-chain data shows that 44,140 ETH, roughly $135.36 million, was recently deposited into Coinbase Prime by BlackRock.
Such a large transfer into a prime brokerage wallet signals institutional positioning and potential buildup ahead of major activity.
Keep a close eye: large deposits like this often precede further accumulation or strategic rebalancing among big players. #WhaleAlert #BinanceBlockchainWeek $BTC
Aggressive buyers are finally back in control. Yesterday, the market buy/sell ratio spiked to 1.17, the strongest single-day buy-side dominance since this bull cycle began in early 2023.
What's driving the surge?
Vanguard opens the gates. $BTC ETFs are now accessible to more than 50 million brokerage customers.
Liquidity conditions are improving, easing macro constraints from their tightest point.
Institutional flows are re-accelerating; buy-side initiative is overwhelming sellers.
This is the kind of behavior we see in early to mid-cycle expansion phases, not near cycle tops. Momentum is building, structural demand is rising, and Bitcoin is entering a high-participation phase driven by ETF distribution.
Caveat: Japan's financial stress and unfinished trend confirmation may mean the macro risk isn't fully gone yet.