Institutional whales are making big moves again. BlackRock deposited 1,134 BTC and 7,255 ETH into a compliant platform, sparking considerable discussion in the market.

From on-chain data, what does such large deposits usually indicate? Industry experts generally believe that exchanges serve as transit points for holders, possibly preparing for subsequent actions such as cashing out profits or adjusting positions. In the short term, this indeed adds a layer of uncertainty to the market—large inflows of funds into exchanges could create potential selling pressure, which may exert downward pull on the prices of BTC and ETH.

Of course, other possibilities cannot be ruled out. Every move by institutions is worth paying attention to, especially transfers involving core assets like BTC, ETH, and SOL. This also serves as a reminder for retail investors to stay vigilant of on-chain developments and not be caught off guard by large transfers.