#SKHynixTopsKOSPIByMarketCap The market is entering a critical decision zone. A recovery above 0.382 could cancel the bearish structure and revive bullish momentum.The market is entering a critical decision zone. A recovery above 0.382 could cancel the bearish structure and revive bullish momentum.#StrategyBuybackSurges12%

Record Outflow, BlackRock Moves 7,432 Bitcoin to Coinbase Prime
BlackRock was observed recording its largest daily outflow. Based on Arkham Intelligence data on Monday (6/29), wallets affiliated with BlackRock were observed transferring 7,432 BTC, equivalent to $446 million, to the institutional platform Coinbase Prime. Around the same time, the company was also known to move 8,150 ETH worth $12.8 million.
Although it raises concerns about selling pressure in the market, this large-scale asset movement is actually a routine operational mechanism. Coinbase Prime acts as the primary custodian for BlackRock's iShares Bitcoin Trust (IBIT) product, so this massive transfer is purely intended to facilitate the ETF share redemption process from institutional clients.
This transaction settlement step is in line with the trend of weakening cash flows in the US spot ETF market over the past few weeks. Large investors are currently adjusting their portfolios in response to still-cautious macroeconomic conditions, thereby triggering high demand for asset redemptions from BlackRock.