6164 BTC split into 13 deposits stored in Coinbase—are they breaking it up this finely out of fear that the market will notice, or out of fear they won’t be able to sell? The ETF withdrew 2.4 billion in one go; Blackstone adds to its position right now—nobody seems to understand the old-money game.

The Wall Street Journal reports that Blackstone Group deposited 6,164 Bitcoins into the leading U.S. cryptocurrency exchange Coinbase on June 2nd.
Based on the Bitcoin price at that time, the value was approximately $425 million.
This transaction was divided into about 13 transfers, with roughly 300 Bitcoins per transfer.
The deposit is considered another move by Blackstone amid the ongoing Bitcoin selling wave, although Blackstone did not explicitly state the motivation for the deposit, market speculation generally suggests it may be for selling Bitcoin.
Recently, Bitcoin prices have continued to decline, causing many retail and institutional investors to face significant losses, leading to a bearish market sentiment.
Over the past three weeks, the Bitcoin ETF market has experienced continuous negative trading, with institutional investors withdrawing funds en masse, resulting in total outflows exceeding $2.4 billion in the past month, setting a record for the longest outflow in history.