blackrock

ブラックロックは、約2億5700万ドル相当の暗号資産をコインベースに移管した後、新たなボラティリティの懸念を引き起こしました。これは、市場にとって脆弱な瞬間における機関の配分の潜在的な波を示唆しています。

オンチェーンデータは、資産運用会社に関連するウォレットから3,402ビットコイン（約2億2700万ドル相当）と15,108イーサリアム（約2950万ドル相当）が移動したことを示しています。取引所への移転は必ずしも即時の販売を確認するものではありませんが、特にETFの流出やマクロ不確実性と一致する場合、流動性イベントの前に発生することがよくあります。

Something shifted in the market mood on February 13th, and it wasn't subtle. BlackRock, the firm managing over $10 trillion in global assets, moved a massive chunk of crypto onto Coinbase. We're talking 3,402 $BTC worth roughly $227 million and 15,108 $ETH valued around $29.5 million. When that kind of money lands on an exchange, the market starts asking uncomfortable questions.
Transfers to exchanges don't guarantee a sell order is coming. But let's be real, they rarely happen without a reason, especially when they line up perfectly with ETF redemptions and a deteriorating macro backdrop.
BlackRock's ETF Products Are Bleeding Capital
The on-chain movement didn't happen in a vacuum. BlackRock's iShares Bitcoin Trust had already posted significant withdrawals, and the firm's Ethereum ETF wasn't spared either, logging daily net outflows on the same day. Pull the lens back further and the picture gets worse. Bitcoin spot ETFs across all issuers saw hundreds of millions in net redemptions, while Ethereum products followed the same downward trajectory.
This isn't one fund having a bad day. This is institutional money moving to the sidelines in a coordinated fashion. Risk appetite is clearly fading as both BTC and ETH struggle to hold key psychological price levels. The flows tell the story before the charts do.
Washington's Dysfunction Is Making Everything Worse
As if the institutional selling pressure wasn't enough, Washington decided to throw gasoline on the fire. Another partial government shutdown is looming after Congress once again failed to meet a funding deadline. Markets hate uncertainty, and crypto especially hates it.
We saw exactly how this plays out just weeks ago. When the last shutdown began, Bitcoin was sitting comfortably above $80,000. It didn't stay there long. Prices collapsed to near $60,000, liquidations cascaded across leveraged positions, and bullish momentum evaporated almost overnight. Traders who lived through that are understandably nervous about round two.
CPI Data Could Pour More Fuel on the Fire
The macro calendar isn't doing crypto any favors right now. Upcoming U.S. CPI data has the potential to be a serious volatility trigger. Some analysts are calling for softer inflation numbers, which would be a relief. But if the reading comes in hotter than expected, the dollar strengthens and risk assets take another hit.
What's interesting is that big institutions seem to be positioning ahead of the data rather than waiting to react. That's a defensive playbook, and it tells you how nervous the smart money really is right now.
Even Nation States Are Pulling Back
BlackRock isn't the only heavyweight reducing exposure. Sovereign entities have reportedly been trimming their crypto holdings over recent months, adding to the defensive posture across the market. Even banks that were previously vocal bulls have started walking back their optimism, revising year-end targets lower and acknowledging that more pain could come before any real recovery takes shape.
When governments, asset managers, and investment banks all move in the same direction at the same time, retail traders should probably take note.
Routine Rebalancing or the Start of Something Bigger?
Here's where it gets tricky. This could absolutely be standard portfolio management from BlackRock. Large funds move assets around constantly, and not every exchange transfer turns into a market dump. But the context matters. ETF outflows accelerating, macro risks stacking up, technical levels breaking down, and sovereign sellers joining the party, that's not a normal week.
The next few trading sessions will tell us a lot. If Bitcoin holds current levels and ETF flows stabilize, this was probably noise. But if outflows keep building and price breaks lower, that $257 million transfer might just be the opening act.
#MarketRebound #BlackRock #etf

ブラックロックはMorpho Labsとの提携を開始しました — これによりDeFiのルールが変わる可能性があります。

🔍 ここで重要なのは何で、なぜこれは単なるニュースではないのか？
👉 ブラックロック — 世界最大の資産運用会社です。
論理は簡単です：
大きなお金 → 慎重な決定 → 長い分析。
このようなプレーヤーがDeFiに参入するということは、セクターが十分に成熟したということです。

世界最大のクジラが動くとき、息を止めて見守るべきです！ 🐋
暗号の世界を揺るがす動きの中で、BlackRock（そう、数兆ドルを管理するモンスター）が257百万ドルのビットコインとイーサリアムを直接Coinbaseへ移しました。暗号の言語では、プラットフォームへの通貨移動はただ一つの意味を持ちます：大規模な売却パーティーが始まりました！ ⛔️

Bitcoin has a branding problem, and for once, it’s not because of a tweet or a regulatory crackdown. According to Robert Mitchnick, BlackRock’s Head of Digital Assets, the threat is coming from inside the house.
Specifically, it’s the massive amount of leverage being pumped into crypto derivatives.
For years, the "big boy" narrative for Bitcoin has been simple: it’s digital gold. It’s supposed to be a non-correlated asset—a safe haven when the traditional financial system starts looking shaky. But every time Bitcoin tries to settle into that role, a wave of liquidations hits, sending prices into a tailspin.
Mitchnick argues that this volatility isn’t a Bitcoin flaw. It’s a leverage flaw.
The Leverage Trap
When traders bet money they don’t actually have (using high leverage on offshore exchanges), they create a house of cards. Here’s how the cycle breaks the narrative:
The Flash Crash: A small price dip triggers "forced selling" from over-leveraged traders.
The Chain Reaction: Those sales drive the price lower, hitting more stop-losses.
The Image Problem: To an outsider, Bitcoin looks like a gambling den rather than a serious store of value.
It’s hard to convince a pension fund that Bitcoin is "stable" when it drops 10% in twenty minutes because some anonymous traders got liquidated on a 100x long position.
Why BlackRock Cares
BlackRock isn't just making casual observations. They have skin in the game. With their IBIT spot Bitcoin ETF, they are bringing institutional money into the fold. These investors aren't looking for "moon shots"; they’re looking for a hedge against inflation.
When speculation runs rampant, it masks Bitcoin’s underlying utility. It makes the asset look erratic. Mitchnick’s point is subtle but sharp: the tools designed to "grow" the market (derivatives) might actually be the very things preventing it from maturing.
Real Adoption vs. Degenerate Gambling
There is a massive disconnect between how Wall Street wants to use Bitcoin and how the current crypto market actually operates.
Institutions want slow, steady accumulation and low volatility.
Derivatives platforms thrive on chaos because volatility equals fees.
If Bitcoin is ever going to behave like gold, the "casino" aspect of the market needs to take a backseat. Right now, the tail is wagging the dog. The price isn't always reflecting global macro shifts; it’s reflecting who got margin-called on a Tuesday afternoon.
We’re at a crossroads. Bitcoin is arguably more "legit" than ever, yet it remains shackled to speculative mechanics that scream "risk-on asset." If the leverage-driven volatility doesn't cool down, the "digital gold" narrative might remain just that—a narrative, rather than a reality.
Institutional interest provides the foundation, but high-octane speculation keeps shaking the floorboards. At some point, something has to give.

When the world’s largest asset manager shifts a quarter-billion dollars in digital assets to an exchange, it isn’t just "maintenance"—it’s a market signal. On February 13, BlackRock moved a combined $257 million in BTC and ETH to Coinbase, adding a heavy layer of sell-side pressure to an already fragile market.

​Here is a breakdown of why this move, combined with global economic shifts, has the "smart money" hitting the brakes.

​1. The On-Chain Movement: More Than Just Shuffling

​Data from Arkham Intelligence confirms BlackRock transferred 3,402 BTC (~$227M) and 15,108 ETH (~$29.5M) directly to Coinbase. In the crypto world, moving assets from private cold storage to an exchange is the universal precursor to selling.

​This isn't happening in a vacuum. It follows a brutal 48-hour stretch for BlackRock’s ETFs:

​IBIT (Bitcoin): Saw $157.56 million in outflows on Feb 12.
​ETHA (Ethereum): Shed $29 million the same day.

​Total Market Impact: Collective spot ETF outflows hit $523 million in a single day, signaling a massive institutional pivot toward liquidity.

​2. Sovereign Selling: Bhutan Leads the Exit

​It isn’t just Wall Street. The Royal Government of Bhutan, a pioneer in state-backed mining, has slashed its Bitcoin holdings by nearly 60% since the October 10 market peak. When a nation-state that mines its own coin starts offloading its reserves, it suggests they are prioritizing cash reserves over long-term "HODLing."

​3. The Washington Factor: Shutdown Stalemate

​Adding fuel to the fire, the U.S. Congress failed to meet the February 14 funding deadline. As of today, February 15, the country has entered another partial government shutdown.

​Historically, these periods of political gridlock drive investors out of "risk assets" like crypto and back into the safety of the dollar. We saw this in January when Bitcoin collapsed from $80,000 to $60,000 during the last shutdown; the current stalemate makes that $80,000 level look like a distant memory.

​4. Wall Street’s Reality Check

​Standard Chartered, once one of the most bullish voices in the space, has officially lowered the bar. Their analysts recently:

​Cut Year-End Target: Dropped from $150,000 to $100,000.
​Warned of a Floor Drop: Predicted a potential slide to $50,000 before any real support is found.

​The Bottom Line for Traders

​The "buy the dip" mantra is being tested by a perfect storm of institutional selling, sovereign de-risking, and U.S. macro-economic instability. While the long-term crypto thesis remains intact, the short-term reality is one of repositioning. If you're looking for a bottom, keep a sharp eye on the ETF flow data over the next week. If the outflows don't stabilize, the $60,000 support level may crumble sooner than expected.
$BTC $ETH

​#CryptoMarkets #BlackRock #BitcoinETF #MacroEcono

On Feb 13, BlackRock sent massive BTC and ETH stacks straight to Coinbase—and the timing is brutal for anyone praying for a quick bounce.
💣 The Numbers Are Loud
BlackRock moved:
3,402 BTC (~$227M)
15,108 ETH (~$29.5M)
Transfers to exchanges usually mean one thing: selling pressure incoming. Institutions don’t move this size just to chill.
And this wasn’t random.
Just one day earlier, BlackRock’s ETFs were bleeding hard:
IBIT (Bitcoin ETF): -$157.5M outflows
ETHA (Ethereum ETF): -$29M outflows
Total BTC ETFs: -$410M gone in a day
ETH ETFs: -$113M wiped
🧠 Smart Money Is De-Risking
This isn’t just BlackRock. Institutions are trimming exposure across the board.
Even Bhutan has dumped nearly 60% of its BTC holdings since the October crash. When a nation-state starts unloading, that’s not noise—that’s a signal.
On-chain data?
Big wallets are still selling. Market structure looks shaky.
🏛️ Washington Chaos = Risk-Off
Congress failed to reach a funding deal. Another shutdown looming.
Last shutdown? BTC was above $80K.
Now? Struggling around $60K.
Crypto still trades like a risk asset when fear hits—narratives don’t matter in panic.
📉 Banks Are Getting Bearish
Standard Chartered just warned BTC could drop to $50K and slashed their year-end target from $150K → $100K. That’s not a small downgrade.
⚠️ So What Does This Mean?
When:
BlackRock sends hundreds of millions to exchanges
ETFs bleed capital
Governments sell
Macro uncertainty spikes
👉 That’s not a dip—it’s distribution risk.
Crypto isn’t dead.
But blindly buying every dip? That strategy might get punished hard.
Watch ETF flows closely.
If outflows keep accelerating, $60K might not be the bottom.
#MarketRebound #blackRock #ETF #TradeCryptosOnX

見てください、地球上で最も大きな資産運用会社が数億ドルの暗号通貨を取引所に移動し始めると、注目します。これはちょうど2月13日に起こったことで、そのタイミングは急速な回復を期待している人にとって最悪でした。
数字は嘘をつかない 3,402 BTC と 15,108 ETH が出口に向かっています
アーカムインテリジェンスは、ブラックロックが3,402 $BTC ビットコイン（約2億2700万ドル）と15,108 $ETH イーサリアム（約2950万ドル）をそのままコインベースに移動させる様子を追跡しました。通常、取引所への移転は一つのことを意味します。売却圧力が来ています。その規模でコインベースに移動させることは、ただそこに置いておくためではありません。

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

Bhutan's government has been quietly dumping Bitcoin for weeks now. Since the October 10th crash, the country has slashed its BTC holdings by nearly 60%. When a nation-state that was once all-in on crypto mining starts aggressively de-risking, you have to wonder what they're seeing that retail isn't.
Glassnode's 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 crypto for all its "decentralized hedge" narrative still trades like a risk asset when fear hits the market.

If you needed one more reason to be cautious, Wall Street bank Standard Chartered dropped a sobering prediction recently. Their analysts see Bitcoin potentially sliding all the way to $50,000 before any meaningful bounce. They've also chopped their year-end price target from $150,000 down to $100,000 that's a significant haircut from one of the more bullish traditional finance voices in the space.
What Does This Actually Mean for You?
Here's the bottom line. When BlackRock moves a quarter billion in crypto to a sell-side exchange, when ETF outflows are accelerating, when sovereign wealth funds are bailing, and when another government shutdown is hitting that's a convergence of pressure that doesn't resolve overnight.
Does it mean crypto is dead?
Absolutely not. But it does mean that the "buy every dip" crowd might want to exercise some patience here. The big players are clearly repositioning, and fighting that kind of flow rarely ends well for retail traders.
Watch the ETF flow data closely over the next week. If outflows continue accelerating, $60,000 BTC might not be the bottom everyone assumed it was.
$BTC

#MarketRebound #blackRock #etf #PEPEBrokeThroughDowntrendLine #BTCVSGOLD

Roughly $257 million in crypto was moved from wallets linked to BlackRock to Coinbase — about 3,402 BTC (~$227M) and 15,108 ETH (~$29.5M). When the world’s largest asset manager shifts that much onto an exchange, traders pay attention.
Exchange Inflows Don’t Happen in Isolation
Transfers to exchanges don’t automatically mean a sell-off. But in institutional flows, timing is everything. This move coincided with:
Ongoing outflows from BlackRock’s spot Bitcoin ETF
Redemptions in its Ethereum ETF product
Broader weakness across U.S. spot crypto ETFs
Across issuers, spot Bitcoin funds saw heavy net redemptions, and Ethereum products followed the same path. That’s not random noise — that’s capital stepping back from risk.
Macro Pressure Is Building
The backdrop isn’t helping.
Washington is once again flirting with a government shutdown. Markets dislike uncertainty; crypto tends to react faster and harder than traditional assets. We’ve seen how quickly sentiment can flip when macro stress hits.
At the same time, upcoming U.S. CPI data adds another volatility trigger.
A soft print could ease pressure.
A hotter-than-expected number strengthens the dollar and squeezes risk assets further.
Institutions appear to be positioning defensively ahead of the data rather than reacting afterward — and that’s often a tell.
It’s Not Just One Player
Reports suggest sovereign entities have been trimming exposure as well. Some banks that were previously bullish on crypto have also dialed back year-end targets. When asset managers, governments, and banks shift posture at the same time, it usually reflects broader risk-off conditions.
Rebalancing… or Early Warning?
To be fair, this could simply be routine portfolio management. Large funds rebalance constantly. Not every exchange transfer turns into a market dump.
But context matters:
ETF outflows accelerating
Macro uncertainty rising
Key technical levels under pressure
Institutional positioning turning defensive
That combination isn’t typical background noise.
The next few sessions will be critical.
If ETF flows stabilize and BTC/ETH hold support, this may fade as a non-event.
If outflows build and price breaks lower, that $257M transfer could look like the first domino.
Smart money doesn’t always predict the market — but it often moves before the narrative catches up.
#MarketRebound #BlackRock #etf