On-chain data shows that two addresses associated with Morgan Stanley's MSBT Bitcoin ETF transferred 713.458 BTC and 673.864 BTC, respectively, to Coinbase Prime deposit addresses about 10 minutes ago, for a total of approximately 1,387 BTC, worth about $106 million.
Large transfers to exchange custody addresses can easily fuel speculation about “selling pressure,” but ETF creations and redemptions, market-maker rebalancing, or custody migrations can also result in similar transfers. This transaction alone does not necessarily indicate a sale. In the short term, watch ETF fund flows and subsequent activity on Coinbase.
#比特币 #摩根士丹利 #BTC
Large transfers to exchange custody addresses can easily fuel speculation about “selling pressure,” but ETF creations and redemptions, market-maker rebalancing, or custody migrations can also result in similar transfers. This transaction alone does not necessarily indicate a sale. In the short term, watch ETF fund flows and subsequent activity on Coinbase.
#比特币 #摩根士丹利 #BTC