**BlackRock Large Transfer to Coinbase, BTC and ETH Both Deposited**
On-chain data tracking shows that the investment giant BlackRock recently made a significant asset deposit to Coinbase.
Specifically, BlackRock deposited a total of 1,044 BTC and 7,557 ETH. Based on the latest market prices, the BTC portion is worth approximately $91.9 million (at current $92.75K), and the ETH portion is worth about $22.41 million (at current $3.20K). The two transfers combined are valued at over $114 million.
This move has attracted market attention. As one of the world's largest asset management firms, BlackRock's on-chain activity is often seen as an important indicator of institutional investor sentiment. Depositing assets into exchanges usually suggests potential trading or rebalancing actions, and may also be a preparation for subsequent market moves.
From the timing perspective, this large deposit occurs during a period of cryptocurrency market volatility, and BlackRock's asset allocation changes are worth continuous investor attention.
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**BlackRock Large Transfer to Coinbase, BTC and ETH Both Deposited**
On-chain data tracking shows that the investment giant BlackRock recently made a significant asset deposit to Coinbase.
Specifically, BlackRock deposited a total of 1,044 BTC and 7,557 ETH. Based on the latest market prices, the BTC portion is worth approximately $91.9 million (at current $92.75K), and the ETH portion is worth about $22.41 million (at current $3.20K). The two transfers combined are valued at over $114 million.
This move has attracted market attention. As one of the world's largest asset management firms, BlackRock's on-chain activity is often seen as an important indicator of institutional investor sentiment. Depositing assets into exchanges usually suggests potential trading or rebalancing actions, and may also be a preparation for subsequent market moves.
From the timing perspective, this large deposit occurs during a period of cryptocurrency market volatility, and BlackRock's asset allocation changes are worth continuous investor attention.