BlackRock just transferred $200 million to an exchange. Be careful.
Guys, a wallet linked to a BlackRock ETF transferred $203 million to Coinbase Prime within an hour.
860 BTC, 52,400 ETH $ETH
Moving funds to an exchange probably means they’re getting ready to sell.
ETH has already dropped 1.38%.
My take: bearish in the short term. Don’t rush to buy the dip.
ETH is under more pressure—sell the rallies.
In short:
BlackRock isn’t transferring coins to an exchange to give money away.
Stay clear for now. Don’t try to catch a falling knife.
Guys, a wallet linked to a BlackRock ETF transferred $203 million to Coinbase Prime within an hour.
860 BTC, 52,400 ETH $ETH
Moving funds to an exchange probably means they’re getting ready to sell.
ETH has already dropped 1.38%.
My take: bearish in the short term. Don’t rush to buy the dip.
ETH is under more pressure—sell the rallies.
In short:
BlackRock isn’t transferring coins to an exchange to give money away.
Stay clear for now. Don’t try to catch a falling knife.