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Just moved a massive amount of $BTC over the past two days, with roughly 10,086 BTC worth around $782.7M leaving its wallets.
As always, large #blackRock transfers immediately get the market talking, especially with the size involved here. But it’s worth remembering that wallet movements from institutions like BlackRock don’t automatically mean outright selling. A lot of these transfers can be tied to ETF flows, custody reshuffling, market-making operations, or internal portfolio management.
Still, whenever nearly $800M in #BTC moves in such a short window, traders are going to watch closely for any signs of broader market impact.