BlackRock transferred 839 $BTC and 14,800 $ETH to Coinbase, and the market is quick to speculate about subsequent actions. If this is merely a transfer in transit, the noise will quickly fade; however, if volumes continue to increase afterward, the funding situation for both $BTC and $ETH will receive a floor of support first, and the emotional elasticity on the $BTC side will be more direct.
BlackRock transferred 839 $BTC and 14,800 $ETH to Coinbase, and the market is quick to speculate about subsequent actions. If this is merely a transfer in transit, the noise will quickly fade; however, if volumes continue to increase afterward, the funding situation for both $BTC and $ETH will receive a floor of support first, and the emotional elasticity on the $BTC side will be more direct.