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BlackRock just made another notable on-chain move. Within the past hour, the firm deposited 2,292 $BTC (about $199.8M) and 9,976 ETH (roughly $29.23M) into Coinbase Prime.
Blackrock still holds 775.42K #BTC worth around 67.76B at CMP.
Transfers of this scale to Prime typically point to institutional rebalancing, custody rotation, or ETF-related flows, rather than impulsive selling. but the timing is still worth watching closely.
When the world’s largest asset manager shifts nearly $230M on-chain in one go, the market pays attention.
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