2025-12-25 15:22:55

Recently, interesting on-chain data has emerged—BlackRock quietly transferred 2,292 Bitcoins and 9,976 Ethereum to institutional custody platforms, amounting to nearly 3 billion RMB, executed in multiple batches with significant moves.

Coincidentally, their spot ETFs IBIT and ETHA are experiencing large-scale redemptions this week, definitely not small amounts. So the question is: when high-level funds shift to trading platforms, is it for selling or just adjusting positions?

Honestly, transferring coins to exchanges or custody platforms doesn't necessarily mean immediate selling—but it does suggest assets are being activated. It could be preparing for OTC block trades, ETF liquidity operations, rebalancing positions, or even direct selling. Around Christmas, this timing aligns with institutional year-end accounting and risk management windows. The key signal is the flow of funds: from cold wallets to trading platforms, rather than new spot accumulation.

For traders, the practical significance is: once institutions like BlackRock initiate large-scale concentrated coin deposits, the market faces a significantly increased risk of supply pressure in the short term. Even OTC transactions mean liquidity is locked, which could suppress upward potential, at least in the short term. Of course, long-term fundamentals of Bitcoin and Ethereum are another matter, but recent institutional movements should be watched for their short-term volatility impact.

BTC-0.13%

ETH-0.7%

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SquidTeacher

· 3h ago

Blackstone's recent move really can't be sustained anymore; transferring 3 billion in assets to custody will definitely bring short-term selling pressure.

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PermabullPete

· 6h ago

Blackstone's recent moves are indeed quite aggressive; the short-term outlook looks a bit uncertain.

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AltcoinMarathoner

· 6h ago

just like mile 20 in a marathon, this institutional shuffle is noise—fundamentals haven't changed. blackrock's moving coins around for year-end accounting, not capitulation. accumulation phase continues.

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MysteriousZhang

· 6h ago

Blackstone's move is quite aggressive, pouring in 3 billion just to adjust positions? I don't think it's just that. Selling off before the end of the year, short-term risks are really coming. When big institutions turn the market, it has to shake a bit; this time, it might be raining. Whether to sell or not is another matter, but liquidity is definitely going to be locked up. Wait, is this paving the way for a big drop next year? With this rhythm, being professional really shows. I need to protect my holdings well, and I must keep up with institutional moves.

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WalletManager

· 6h ago

3 billion invested in the custody platform, Blackstone's OTC play is old news; the key is the flow of cold wallets to exchanges, and this signal doesn't lie. Short-term selling pressure is definitely there, and any movement of the private key indicates someone is adjusting their position. Real big players are never afraid of volatility; what they fear is liquidity being locked. Keep a close eye on on-chain movements recently. Gradual coin transfers are not a coincidence; this is standard risk management practice at year-end. OTC or direct selling is another matter. Blackstone's chips are active now, and the supply pressure has indeed increased in the short term. Hold tight. I've seen many cases of large amounts of coins being concentrated, which often means that in the next few days, watch out for price suppression—don't be greedy.

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AirdropHunterWang

· 6h ago

Blackstone's recent moves definitely put some pressure on the market; a 3 billion scale can easily stir up the market with any action.

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PumpingCroissant

· 6h ago

Blackstone's move, involving a scale of 3 billion, definitely needs close attention; short-term selling pressure is definitely coming. But on the other hand, the institutional risk management window at the end of the year—maybe it's not that pessimistic? It seems that recent institutional movements are more worth paying attention to than individual actions; the market will see how these big players play. Redemption + coin transfer double strategy—this signal is a bit stimulating. Cold wallets → exchanges, how many times has this routine been played? Still need to be cautious. Transferring 3 billion RMB—should retail investors panic or buy the dip? Blackstone's move might put short-term pressure on Ethereum. I think it's not that absolute; OTC trading isn't necessarily all selling, maybe it's liquidity management. Institutions are deep; whether this wave is about dumping or rebalancing depends on the subsequent capital flow. Christmas time is always so dramatic, replayed every year.

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NftRegretMachine

· 7h ago

Blackstone's move does seem a bit sneaky, with 3 billion in assets transferred to the custody platform... Short-term selling pressure is a bit uncertain.

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