BlackRock transferred 1,197 BTC to Coinbase 1 hour ago, worth over $110 million.

robot
Abstract generation in progress

[Crypto World] December 8 news, on-chain data shows that BlackRock has just made another big move.

An hour ago, the asset management giant transferred 1,197.68 BTC to Coinbase again, which is roughly $110 million at current prices.

This is not the first time BlackRock has made a large-scale BTC transfer. Judging from recent on-chain activity, institutions are clearly accelerating their allocation of Bitcoin. What does a transfer of this magnitude usually mean? Is it preparation for OTC trading, or adjusting reserves for an ETF?

The market has always been sensitive to such whale activities. After all, the movement of thousands of BTC is enough to impact market sentiment in the short term.

BTC2.55%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GateUser-beba108dvip
· 1h ago
BlackRock is accumulating coins again. At this rate... it seems institutions really believe this is the bottom.
View OriginalReply0
DAOplomacyvip
· 12-08 13:50
ngl, the "institutional accumulation narrative" is getting a bit too clean here... like, arguably these flows could just be rebalancing ops, but everyone's already priced in the bullish thesis anyway
Reply0
CoffeeOnChainvip
· 12-08 13:36
Here we go again, BlackRock's pace... directly throwing in 110 million, are they really not afraid?
View OriginalReply0
LongTermDreamervip
· 12-08 13:33
BlackRock is positioning itself again, I've seen this pattern before—they did the same thing three years ago: bottom-fishing in the bear market, increasing positions in the bull market. We retail investors should learn from this—stay calm, and when we look back three years from now, every investment we make now will be a blessing.
View OriginalReply0
TokenEconomistvip
· 12-08 13:33
actually, let me break this down—the key variable here isn't just the raw btc movement, it's *why* the flow mechanics matter. in traditional economics, we'd call this "institutional demand signaling," but ceteris paribus, coinbase inflows during consolidation phases typically precede either capitulation or accumulation. the math checks out if you factor in their etf basket rebalancing cycles
Reply0
SchroedingersFrontrunvip
· 12-08 13:24
BlackRock is accumulating coins again; it looks like they're getting ready to pump the price.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)