🔴 Bearish Scenario (Short-Term Selling Pressure):


Transfers to Coinbase are often seen as preparation for a sell-off (taking profit or rebalancing the portfolio). If these funds start to be released into the spot market, we may see a minor correction or short-term selling pressure that causes ETH to retest its nearest support area.
🟢 Bullish Scenario (Over-the-Counter / OTC & Liquidity):
This doesn’t always mean a dump! It could be a structured OTC transaction for their institutional clients, or routine ETF rebalancing. If the market manages to absorb this liquidity without panic, it actually signals solid buying power from retail participants and other institutions.
ETH-1.21%
View Original
GateNews
BlackRock Deposits 7,245 ETH Worth $12.6M to Coinbase in Past Hour
According to Arkham data, BlackRock deposited 7,245 ETH worth approximately $12.6 million to Coinbase Prime's hot wallet about 1 hour ago.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned