BlackRock's recent moves over the past two days are worth paying attention to.
On December 3, they transferred 44,140 ETH to a certain exchange. At that time, the market was speculating whether they were about to make a large sale. However, the narrative changed the next day—on December 4, they directly withdrew 16,930 ETH and 153 BTC from the exchange.
Looking at these actions, it's highly likely that they couldn't sell as planned. After all, withdrawing coins back to their wallet usually means they're not planning to continue selling in the short term. For holders, this wave of selling pressure should be temporarily over, and the market can breathe a sigh of relief.
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LiquiditySurfer
· 16h ago
If it doesn't sell, just withdraw the coins. This tactic is all too familiar, haha.
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FOMOmonster
· 16h ago
BlackRock's move this time is quite interesting. They transferred it in and then hurriedly withdrew it—looks like they really can't sell it, haha.
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MetaLord420
· 16h ago
BlackRock’s move is honestly a bit funny—they transferred funds in and then quickly withdrew them. Isn’t this just testing the market depth?
BlackRock's recent moves over the past two days are worth paying attention to.
On December 3, they transferred 44,140 ETH to a certain exchange. At that time, the market was speculating whether they were about to make a large sale. However, the narrative changed the next day—on December 4, they directly withdrew 16,930 ETH and 153 BTC from the exchange.
Looking at these actions, it's highly likely that they couldn't sell as planned. After all, withdrawing coins back to their wallet usually means they're not planning to continue selling in the short term. For holders, this wave of selling pressure should be temporarily over, and the market can breathe a sigh of relief.