A notable large transfer has appeared in on-chain data. Arkham monitoring shows that addresses associated with Morgan Stanley’s MSBIT Bitcoin ETF transferred 713.458 BTC and 673.864 BTC in two transactions to a Coinbase Prime deposit address within about 10 minutes, totaling approximately 1,387 BTC and worth an estimated $106 million at current prices.
Funds entering exchange custody addresses may typically be related to ETF creations and redemptions, position adjustments, or internal custody operations, and do not necessarily indicate a direct sale. However, large short-term transfers may still affect market sentiment. It is worth continuing to monitor fund flows at Coinbase Prime and changes in ETF holdings.
Every on-chain movement of institutional funds is becoming an important indicator of the Bitcoin market’s direction.
#比特币 #摩根士丹利 #OnChainData
Funds entering exchange custody addresses may typically be related to ETF creations and redemptions, position adjustments, or internal custody operations, and do not necessarily indicate a direct sale. However, large short-term transfers may still affect market sentiment. It is worth continuing to monitor fund flows at Coinbase Prime and changes in ETF holdings.
Every on-chain movement of institutional funds is becoming an important indicator of the Bitcoin market’s direction.
#比特币 #摩根士丹利 #OnChainData