BlackRock Dumps Bitcoin and Ethereum Worth $180 Million on Coinbase
Analysis
Price Impact
HighBlackrock, a major financial institution, depositing significant amounts of btc and eth to coinbase, often an indication of selling pressure, can negatively impact prices. this move, especially following etf outflows, suggests potential downward momentum.
Trustworthiness
HighPrice Direction
BearishLarge deposits to an exchange from a major holder like blackrock are often interpreted as preparation to sell. combined with recent etf outflows, this indicates potential selling pressure that could drive prices down.
Time Effect
ShortThe immediate impact of such a large transfer to an exchange is usually felt in the short term, as it can trigger immediate selling or market reactions.
Original Article:
Article Content:
Cover image via U.Today Did BlackRock sell again? BlackRock leads Bitcoin ETF withdrawals Advertisement BlackRock, the world’s largest asset management firm, has closed the week with additional Bitcoin and Ethereum deposits, suspected to be sell attempts. On Friday, March 27, blockchain monitoring platform Lookonchain spotted another massive crypto transfer from BlackRock, involving large amounts of Bitcoin and Ethereum to leading U.S.-based crypto exchange Coinbase. Did BlackRock sell again? According to the source, the transfers saw BlackRock move 68,578 ETH tokens and 612 BTC to Coinbase Prime, sparking reactions across the crypto community. HOT Stories 90 Million ADA Deposit to Binance Shakes Cardano Price, XRP 'Juicy' Setup Eyeing $1.5 Short Squeeze: CryptoQuant, Shiba Inu (SHIB) Targets 37% Golden Cross Rally for Q2: Morning Crypto Report Ripple's Schwartz Denies Pre-Allocated XRP Contracts Are Real BlackRock just deposited 68,568 $ETH ($139.9M) and 612 $BTC ($41.4M) to Coinbase Prime. https://t.co/qmuDIrPHc6 pic.twitter.com/pyPtOzoErQ — Lookonchain (@lookonchain) March 27, 2026 With the asset’s current prices amid the broad crypto market slowdown, the transfers were worth a combined total of over $180 million. Advertisement The large Ethereum transfer was moved in batches of seven separate transactions, while the Bitcoin transfer happened in only three separate transactions, showing signs of strategic fund redistribution. You Might Also Like Thu, 03/12/2026 - 15:22 BlackRock Sweetens Staked Ethereum ETF Launch With 50% Fee Cut for First $2.5 Billion By Gamza Khanzadaev Advertisement Although BlackRock did not clarify the purpose of the large Bitcoin and Ethereum deposits, the crypto community has tagged it as a major sell attempt from the firm considering the slow performances from its ETFs in recent days. Also, market watchers noted that Coinbase is the firm's custodial platform, hence, it could be preparation for a major move ahead. BlackRock leads Bitcoin ETF withdrawals Since the inception of the Bitcoin ETF market, BlackRock has maintained dominance among all existing funds, whether in positive or negative market conditions. The fund has also maintained its leadership during their last trading session, when all funds registered notable outflows, as the Bitcoin price volatility has fueled a negative shift in investor sentiment. BlackRock registered the highest withdrawal of $41.92 million, surpassing all other Bitcoin funds, which recorded fewer outflows as momentum begins to fade. #BlackRock #Bitcoin #Ethereum #Coinbase