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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.