Exchanges· ★★★· neutral·

BlackRock moves 1,698 BTC from IBIT wallet to Coinbase Prime

  • —1,698 BTC worth roughly $135.6 million moved
  • —Funds came from the IBIT spot bitcoin ETF wallet
  • —Transfer flagged by onchain analytics firm Onchain Lens
Why it matters: Large transfers from ETF wallets to the exchange custodian are often read as preparation for sales or rebalancing, swaying BTC sentiment.
#BTC
Source: PANews
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