coinbaseprime

In early February 2026, the crypto market was sent into a tailspin as on-chain data revealed BlackRock, the world’s largest asset manager, transferred hundreds of millions in digital assets to Coinbase Prime. Specifically, a major batch of $257 million—consisting of 3,402 BTC and 15,108 ETH—hit the exchange on February 13th, following a month of massive billion-dollar shuffling.
While "dumped" is the word often splashed across headlines, the reality behind these movements is a blend of mechanical fund operations and a shifting institutional tide.
The Numbers Behind the Move
The recent $257 million transfer is part of a larger, more aggressive pattern observed throughout the start of 2026. According to Arkham Intelligence and Lookonchain, BlackRock’s activity has been relentless:
* The February 13 Batch: ~3,402 BTC ($227M) and ~15,108 ETH ($29.5M).
* The Aggregated Total: Since late January, BlackRock has moved over $2.2 billion worth of crypto to Coinbase Prime.
* Contextual Outflows: These transfers coincided with heavy bleeding from BlackRock’s ETF products. On February 12th alone, the IBIT (Bitcoin ETF) saw $157 million in outflows, while ETHA (Ethereum ETF) lost $29 million.
Why Is This Happening?
To understand why BlackRock is moving assets to an exchange, you have to look at the plumbing of an Exchange-Traded Fund (ETF). It usually isn't about "losing faith" in the asset; it’s about meeting the demands of the investors.
1. The Redemption Mechanism
When investors sell their shares of the iShares Bitcoin Trust (IBIT), BlackRock must return cash to them. Because these ETFs are structured as cash-redemption products, BlackRock is legally and operationally required to sell the equivalent amount of Bitcoin or Ethereum to raise that cash. Coinbase Prime acts as the execution venue where these sales take place.
2. Arbitrage Unwinding
In early 2026, the "Coinbase Premium" (the price difference between Coinbase and offshore exchanges like Binance) turned deeply negative. This signaled that institutional "basis trades"—where hedge funds go long on the ETF and short on futures—were no longer profitable. As these funds closed their positions, they sold ETF shares, forcing BlackRock to liquidate holdings.
3. Market De-Risking
The timing of these transfers coincided with a broader "crypto reset." Bitcoin fell from its all-time high of $124,000 down to the $60,000–$70,000 range. During periods of such high volatility, institutions often trim exposure to manage risk, leading to the "dumping" sensation felt by the market.
Why It Matters for You
While these moves are often "routine," they aren't meaningless. Here is what the $257 million transfer tells us about the current market:
* The End of the Honeymoon Phase: The era of "up-only" institutional inflows has matured. We are now in a two-way market where institutional outflows can create significant sell pressure.
* Price Support Testing: The massive liquidations have forced Bitcoin to test its support levels near $68,000. If BlackRock continues to facilitate redemptions at this scale, the "floor" may be lower than previously thought.
* Institutional Sophistication: These movements show that crypto is now fully integrated into the global macro machine. It is being traded alongside Treasuries and AI stocks, meaning it is susceptible to the same de-risking cycles as traditional finance.
> Bottom Line: BlackRock isn't necessarily "bearish." They are acting as the middleman for thousands of investors who decided to hit the "sell" button. However, the sheer volume of those sells is enough to shift the momentum of the entire market. What It Means for Bitcoin and Ethereum#BlackRockCrypto
#BitcoinCrash (if discussing the drop below $70k)
#EthereumETF
#SmartMoney
#CoinbasePrime
$BTC
$ETH

🔔 TIRGUS KUSTOŠANAS JAUNUMI! (09/08/25)

1️⃣ Ethereum pirmo reizi pārsniedz 4,000 USD 8 mēnešu laikā 📈
#ETHBreaks4000
ETH cena vakar pirmo reizi kopš 2023. gada decembra pārsniedza 4,000 USD, sasniedzot 8 mēnešu augstāko punktu. Šis notikums notiek laikā, kad Ethereum ir pieaudzis vairāk nekā par 50% pēdējo 30 dienu laikā. Pieaugumu veicina vairāki faktori, tostarp paaugstināta darījumu aktivitāte Ethereum blokķēdē, palielināta likmju uzkrāšana, spēcīga pieprasījuma pēc ETH korporatīvām kasēm, ETF un regulatīviem attīstību, kas ir labvēlīgi kriptovalūtām.

Galvenie secinājumi:
Coinbase Prime, visticamāk, ir MicroStrategy 597,325 $BTC glabātājs, balstoties uz izpilddirektora Braiana Armstronga atklājumiem.
Maikla Seilora atteikums publicēt rezerves pierādījumus tiek apstrīdēts ar on-chain datiem un Coinbase publiskajiem paziņojumiem.
Diskusija par caurredzamību pret drošību pastiprinās, jo sociālās inženierijas riski ir lieli.
Jauna spekulāciju viļņa vilnis ir skāris kripto pasauli, jo Coinbase izpilddirektors Braians Armstrongs, šķiet, ir atklājis iespējamo MicroStrategy milzīgo Bitcoin krājumu glabātāju. Neskatoties uz Maikla Seilora ilgstošo pretestību atklāt maka detaļas, Armstrongs tvīts liecina, ka Coinbase Prime tur atslēgas uz vienu no lielākajām BTC kaseēm, kas pastāv.

Pasaulē lielākais aktīvu pārvaldītājs, BlackRock, ir veicis milzīgu 34,777 Ethereum (ETH) pārvedumu — apmēram 114,97 miljonu USD vērtībā — uz Coinbase Prime, izraisot intensīvas diskusijas visā kriptovalūtu kopienā.
On-chain dati apstiprina, ka pārvedumi notikuši pēdējā stundā vairākās tranšās, tostarp iemaksas 10,000 ETH un 4,777 ETH katra, pārvietojoties no BlackRock’s ETHA (Ethereum ETF maku) uz Coinbase Prime depozīta adresēm.
$ETH
💼 Institucionālā Ieskatīšana
Coinbase Prime kalpo kā likviditātes un glabāšanas platforma institucionālajiem klientiem, kas nozīmē, ka šie pārvietojumi, visticamāk, ir daļa no stratēģiskām sagatavēm vai ETF saistītās likviditātes pārvaldības, nevis vienkāršas tirdzniecības aktivitātes.