The Numbers Don't Lie 3,402 BTC and 15,108 ETH Heading for the Exit Arkham Intelligence tracked BlackRock shuffling 3,402 $BTC Bitcoin (roughly $227 million) and 15,108 $ETH Ethereum (about $29.5 million) straight to Coinbase. Now, transfers to exchanges typically mean one thing selling pressure is coming. Nobody moves that kind of size to Coinbase just to let it sit there. This wasn't a random Tuesday move either. It came right on the heels of heavy bleeding from BlackRock's own ETF products. IBIT, their Bitcoin ETF, hemorrhaged $157.56 million in outflows on February 12th, while ETHA (the Ethereum fund) shed another $29 million. The broader ETF picture looked just as ugly BTC spot ETFs collectively lost $410 million that day, and Ethereum ETFs watched $113 million walk out the door. It's Not Just BlackRock The Smart Money Wants Out What's particularly telling here is that this isn't isolated behavior. Institutional players across the board are trimming exposure, and even sovereign nations are getting cold feet. Bhutan's government on-chain data has been flashing warning signs for a while too. Bitcoin's price structure looks fragile, and the selling from big wallets isn't slowing down. Washington Can't Get Its Act Together Again Layered on top of all this institutional selling is yet another Washington mess. Congress failed to reach a deal before the February 14th funding deadline, putting the country on track for a partial government shutdown starting February 15th. Yes, another one. If that sounds familiar, it should. The last partial shutdown kicked off on January 31st, and Bitcoin was trading above $80,000 at the time. Since then? It cratered to $60,000 and hasn't been able to claw its way back above that $80K psychological barrier. Shutdowns create uncertainty, and #MarketSentimentToday #PEPEBrokeThroughDowntrendLine
#BTC @BTC $BTC Cryptocurrency is a decentralized, digital-only currency secured by cryptography and blockchain technology, operating without central banks or intermediaries. It allows peer-to-peer,, fast, and often low-cost global transfers, with popular examples including Bitcoin (BTC) and Ethereum (ETH). Transactions are verified by a network of computers, making them transparent, immutable, and secure. Key Aspects of Crypto Basics: Blockchain Technology: A public, distributed, and digital ledger that records all transactions across a network. Decentralization: No government, bank, or central authority controls it; rather, it runs on community-run computer networks. How to Get Crypto: Purchased through exchanges (like Coinbase or Binance) or created through "mining" (solving complex mathematical puzzles) or "staking". Wallets: Digital tools used to store, send, and receive crypto by managing public and private keys. Risks: The market is highly volatile, meaning prices can fluctuate rapidly. Security: Users are responsible for their own security (e.g., safeguarding private keys); losing keys means losing access to funds. Common Terms: Bitcoin (BTC): The first and largest cryptocurrency, often called "digital gold". Altcoin: Any cryptocurrency other than Bitcoin (e.g., Ethereum, Litecoin). Stablecoin: A type of cryptocurrency pegged to a stable asset like the US dollar to reduce volatility.
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