BlackRock Suddenly Moves $428 Million in Bitcoin and Ethereum
Analysis
Price Impact
HighBlackrock's repeated transfer of significant amounts of bitcoin and ethereum (totaling $428 million this week) to coinbase, coupled with a $118.64 million outflow from its bitcoin etf, strongly suggests continued selling pressure. these actions by a major institutional player can create significant market downturns.
Trustworthiness
HighThe information is based on on-chain data from lookonchain, an established monitoring firm, reporting verifiable transactions. blackrock's etf outflows are also publicly reported.
Price Direction
BearishConsistent large-scale transfers to exchanges are widely interpreted as intent to sell, and substantial etf outflows indicate decreasing institutional interest. this combination, especially from a firm like blackrock, signals strong downward pressure on both btc and eth.
Time Effect
LongThe article highlights that blackrock has engaged in 'consistent sell-off activities' and 'formed another long streak' over 'the past months.' this suggests a sustained strategy of offloading assets, indicating a prolonged bearish sentiment rather than a short-term blip.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News How long till BlackRock stops selling? BlackRock notes $118.64 Million in Bitcoin ETF Outflow Advertisement After slowing down for a few days, BlackRock returned to its consistent sell-off activities as the firm was spotted moving large amounts of Bitcoin and Ethereum to Coinbase again. In just about 24 hours after its last deposits, BlackRock appears to be forming another long streak of steady Bitcoin and Ethereum sell-offs again. On Tuesday, on-chain monitoring firm Lookonchain revealed data showing that the firm moved 2,292 BTC and 9,976 ETH to Coinbase on Tuesday. While the total deposits are worth nearly $430 million, this marks the second time that BlackRock has moved the tokens in suspected attempts to sell this week. HOT Stories BlackRock Suddenly Moves $428 Million in Bitcoin and Ethereum Ethereum L1 Hits 2025 Record with Over 1.9 Million Daily Transactions Morning Crypto Report: Legendary XRP Community Insider Drops $589 Riddle; 51,231,999,673 Shiba Inu (SHIB) Deposit Stuns Major Korean Exchange; -39% for Bitcoin? Get Ready, Bollinger Bands Signal Ripple Exec Makes Massive 2026 Prediction How long till BlackRock stops selling? Notably, BlackRock has embarked on this series of Bitcoin and Ethereum deposits over the past months, following the recurring volatilities facing the broad crypto market. Advertisement Although BlackRock has not made any clarification on the purpose of its steady crypto transfers, the frequent Bitcoin and Ethereum deposits from the firm to a crypto exchange have been widely perceived as sell attempts among crypto traders. You Might Also Like Mon, 12/22/2025 - 13:18 $270 Million From BlackRock Wallets Hit Coinbase; Bitcoin and Ethereum at Risk of Sell-Off By Gamza Khanzadaev As such, market watchers are curious about how long the firm will continue selling its Bitcoin and Ethereum holdings and whether it is still holding on to its bullish stance. Advertisement The latest deposit made today has coincided with a broad market downtrend, and all leading cryptocurrencies are trading in the red zone, with Bitcoin and Ethereum showing daily decreases of 0.49% and 0.56%, respectively, over the last day. BlackRock notes $118.64 Million in Bitcoin ETF Outflow Following BlackRock’s massive sell-out, its Bitcoin ETF recorded a significant outflow of $118.64 million on Monday, suggesting weakened interest among institutional investors. With such a massive outflow, it is not surprising that the fund has continued to move a substantial portion of its holdings back to Coinbase, as momentum continues to fade. With the negative trend spreading across the crypto market and major crypto ETFs, the poor market performance has continued to ignite fear among retail investors. #BlackRock #Bitcoin #Ethereum