Blackrock investment manager transferred 1,800 Bitcoin (BTC), valued at approximately US $ 160 million to Coinbase Prime. But what does that mean?

Specifically, this transaction has raised concerns about whether this signals strategic change, routine liquidity management or potential sales pressure.

Bitcoin transfer from Blackrock raises questions

Arkham Intelligence, blockchain analysis company, drew attention to the transfer in an X post.

Blackrock selling BTC, said the post.

The message quickly fueled discussions in the Crypto community, with many interpreting movement as a possible Blackrock signal out of Bitcoin.

People are starting to regret letting Blackrock control the market. Bitcoin lost his ethos, ”wrote a user no X.

However, a more detailed analysis suggests a less dramatic explanation. The transfer is linked to Bitcoin Trust (Ibit) management of Blackrock, a Bitcoin ETF in custody of coinbase prime. Thus, the movement of 1,800 BTC can probably reflect liquidity management, portfolio bass or effort to facilitate investor redemptions rather than a direct sale.

In fact, the moment of this transfer coincides with significant exits of ETF. According to SocalOn February 25, the Ibit registered US $ 164 million in liquid exits. These investor rescues may explain the need for liquidity adjustments.

Meanwhile, Bitcoin transfer is not the only Blackrock activity that is drawing attention. Data From Arkham Intelligence revealed that Blackrock’s Ishares Trust ETF (ETHA) also deposited 18,168 ETH, valued at approximately $ 44 million in the Prime coinbase amid comparable ETF exits.

Bitcoin falls below $ 90,000 amid widespread sale

Transfers coincide with a turbulent period for the cryptocurrency market. Bitcoin recently fell below $ 90,000 for the first time since November 2024, dragged by a US Bitcoin ETF (USA) ETF. These funds have registered, above all, substantial exits, finishing the last two weeks in the red.

At the time of publication, Bitcoin was negotiated at $ 88,659, a 3.0% drop in 24 hours. The fear and greed rate he was In 21, indicating extreme fear in the market. This suggested that investors are highly cautious, potentially panicking and selling their assets due to uncertainty or recent price falls.

The broader crypto market has also been under strong pressure. According to CoinGlassmore than $ 1 billion in leveraged positions were eliminated on the last day.

Of this total, impressive $ 847 million came from long -liquidated positions – with traders betting, above all, in price increases. Meanwhile, only $ 191 million resulted from short settlements, where traders betting on price falls were forced out of their positions.

Thus, the scale of these settlements is raising concerns that the market may be entering a low phase, with increased volatility and additional risk of falling for Bitcoin and other cryptocurrencies.