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On-chain data tracker Onchain Lens has identified a significant asset movement: BlackRock transferred 1,134 BTC (approximately $101.37 million USD) and 7,255 ETH (around $22.1 million USD) to Coinbase, marking another notable transaction by the institutional investor in the crypto space.
This transfer of 1,134 Bitcoin represents substantial institutional activity. At current valuations with BTC trading at $93.21K and ETH at $3.22K, such large-scale deposits to centralized exchanges often attract market attention as they could indicate various trading or custody strategies by major players like BlackRock.