BlackRock just shuffled 2,850 $BTC ($211M) from IBIT wallets to Coinbase Prime in under an hour.
Meanwhile, $BTC ETFs have bled ~$1.9B since Oct 30.
Coinbase Prime = institutional custody. Could be rebalancing, OTC deals, or preparing for liquidity events.
But timing matters. $1.9B outflow context + this move = worth watching. Not panic, just data.
Meanwhile, $BTC ETFs have bled ~$1.9B since Oct 30.
Coinbase Prime = institutional custody. Could be rebalancing, OTC deals, or preparing for liquidity events.
But timing matters. $1.9B outflow context + this move = worth watching. Not panic, just data.