BlackRock Deposits 861 BTC and 44,691 ETH to Coinbase
BlackRock transfers 861 BTC worth $69.59M and 44,691 ETH valued at $103.15M to Coinbase Prime, signaling institutional crypto moves amid Bitcoin market analysis.
SourceAnalysis
BlackRock just slammed 861 BTC ($69.59M) and 44,691 ETH ($103.15M) into Coinbase Prime, a move that underscores the asset manager's aggressive positioning in the volatile crypto landscape. This deposit, tracked by on-chain sleuths at Lookonchain, arrives as Bitcoin hovers around $80,800 per coin—far from its $140K all-time high but fueling speculation on Ethereum deposit trends and broader crypto whale movements. Institutional giants like BlackRock continue driving liquidity, potentially eyeing spot ETF expansions or hedging against macro uncertainties, while viral trends like TAO and BTC hype add layers to market dynamics. Traders watch closely for impacts on Bitcoin price prediction and any Ethereum market crash signals in this 2026 bull cycle.
Lookonchain
@lookonchainLooking for smartmoney onchain