BlackRock Just Dumped $257 Million in Crypto on Coinbase Here's Why That Matter
The Big Players Are Shifting – Pay Attention 🚨
On February 13th, BlackRock, the world’s largest money manager, made a massive move by transferring 3,402 BTC (~$227 million) and 15,108 ETH (~$29.5 million) to Coinbase. These kinds of transfers typically signal selling pressure ahead.
The Numbers Don’t Lie:
BlackRock's ETF Products Bleeding:
IBIT Bitcoin ETF lost $157.56 million on February 12th.
ETHA Ethereum ETF saw another $29 million leave.
Broader ETF Exodus:
BTC spot ETFs lost $410 million.
Ethereum ETFs lost $113 million.
Not Just BlackRock – The Smart Money Wants Out
Bhutan has quietly been dumping its BTC holdings, reducing by nearly 60% since October 10th.
Glassnode’s On-Chain Data shows fragile price structure, with big wallets still selling off.
Washington’s Mess Adding to the Pressure
Government Shutdown: Another shutdown looming with Congress failing to reach a deal before the February 14th deadline.
Bitcoin’s Decline: After the January 31st shutdown, Bitcoin fell from $80,000 to $60,000, with no clear recovery in sight.
Standard Chartered’s Caution
Bitcoin Price Forecast: Standard Chartered predicts BTC could fall to $50,000 before bouncing back. They’ve lowered their year-end target from $150,000 to $100,000.
What Does This Mean for You?
Big institutional shifts and ETF outflows are signaling further downside pressure.
While crypto isn’t dead, the “buy every dip” crowd might need to exercise patience. Big players are repositioning, and it’s tough for retail traders to swim against that flow.
Watch ETF flow data closely over the next week—outflows could push $BTC further down, with $60,000 possibly not being the bottom.
Patience and caution are key in this market shift.
#MarketRebound #blackRock #ETH
