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🐋 WHALE WATCH: BlackRock depositing 5847 $BTC into Coinbase is catching everyone by surprise today.
That is nearly 450 million dollars in spot supply moving onto an exchange in a single transaction. When the largest asset manager in the world makes a move this large you have to pay attention.
Some traders are calling it a local distribution sign while others think it is just standard ETF rebalancing.
Are you derisking here or trusting the macro trend ?