According to @OnchainLens, BlackRock-labeled wallets received 153.83 BTC worth 14.22 million dollars and 16,930 ETH worth 53.26 million dollars from Coinbase in the last hour, totaling 67.48 million dollars in inflows, source: @OnchainLens on X; Arkham Intelligence intel.arkm.com/explorer/entity/blackrock. The USD split was approximately 79 percent ETH and 21 percent BTC in this window, highlighting a heavier ETH flow by value, source: @OnchainLens; Arkham Intelligence intel.arkm.com/explorer/entity/blackrock. Directionally, the transfers represent exchange outflows from Coinbase to BlackRock-identified addresses during the stated hour, source: @OnchainLens; Arkham Intelligence intel.arkm.com/explorer/entity/blackrock.

According to @cas_abbe, BlackRock has executed significant sales of Bitcoin (BTC) and Ethereum (ETH), transferring $290 million in BTC and $372 million in ETH to Coinbase today. This large-scale movement is cited as a primary driver for BTC dropping below $113,000 and ETH struggling to maintain above $3,600. Traders should be alert to ongoing volatility and potential further downside pressure in the crypto market as institutional selling continues. Source: @cas_abbe.