BlackRock moved 47,728 ETH and 544 BTC worth about $140m to Coinbase Prime on March 20, as markets sit on heavy leverage and looming liquidation levels.
Summary
- BlackRock transferred 47,728 ETH (≈$102m) and 544 BTC (≈$38.3m) to Coinbase Prime on March 20, signaling continued large-scale crypto engagement.
- The move comes as Coinglass data shows roughly $1.8b in BTC longs could be liquidated if price drops below $65,181, with similar pressure building in ETH.
- While the transfer could reflect custody or portfolio rebalancing rather than outright selling, traders are watching it as a proxy for institutional sentiment.
BlackRock, the world’s largest asset…
