🚨 JUST IN: BLACKROCK CONTINUES TO OFFLOAD BTC & ETH
BlackRock has just deposited 1,815 BTC ($159.4M) and 15,112 ETH ($43.8M) to Coinbase Prime roughly 30 minutes ago, signaling continued selling pressure from the world’s largest asset manager.$BTC
📉 Why it matters:
• Coinbase Prime deposits typically precede institutional selling or rebalancing
• Adds to recent ETF outflows and risk-off sentiment
• Increases near-term spot supply for both BTC and ETH$ETH
👀 Markets are watching closely to see whether this is temporary positioning or part of a broader institutional de-risking trend.
ETH
3,026.17
+3.84%
BTC
89,459.91
+1.39%