BlackRock Moves $429 Million in Bitcoin to Coinbase: Hints at Market Shift?

A significant move by BlackRock has sent shockwaves through the cryptocurrency market. According to data analysis by Lookonchain, BlackRock just transferred a massive amount of Bitcoin – 4,113 BTC worth about $429 million – to Coinbase Prime, breaking a prolonged buying streak that had spanned over a month. This transfer was deliberate and substantial, with most transactions being sent in precise chunks of 300 BTC, suggesting it wasn’t an accident.