Recent speculation has circulated around BlackRock potentially selling $429 million worth of Bitcoin, fueled by blockchain data showing a significant transfer to Coinbase Prime. The action involved 4,113 BTC, estimated to be worth about $429.4 million, and raised eyebrows due to its proximity to recent market events. However, while the transaction is real and confirmed on-chain, there’s no concrete evidence of an actual sale; Bitcoin’s price remained steady despite these developments. Eric Balchunas, crypto analyst, sheds light on this situation, highlighting the low volatility observed in BlackRock’s iShares Bitcoin Trust, which attracts larger investors seeking stable digital gold exposure over volatile tech stocks.