I just noticed on the chain — BlackRock transferred a significant amount of crypto in the past few hours. I'm talking about nearly $74k in total BTC and ETH. Specifically, 1,814 BTC and 24,472 ETH were moved to a digital asset custody platform for institutions.



This shows that major players are still building positions. Such a large transfer in one move is always a sign that someone with big money is doing something. At current prices of (BTC around $74K, ETH around $2.3K), it's truly a substantial amount.

Interesting to see what this means for the market in the coming weeks. Institutions usually don't make such moves without a reason.
BTC-0.72%
ETH0.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin