Key Takeaways
BlackRock transferred 18,168 ETH and 1,800 Bitcoin to Coinbase amid market uncertainty.
Crypto markets faced $1.6 billion in liquidations, influenced by geopolitical tensions and institutional selling.
Share this article
Today, BlackRock transferred 18,168 Ethereum ($44 million) and 1,800 Bitcoin ($160 million) to Coinbase amid growing market uncertainty and widespread liquidations in crypto markets.The deposit comes as Bitcoin fell below $86,000 for the first time since November, while crypto markets experienced $1.6 billion in liquidations over the past 24 hours.Large entities moving significant amounts of crypto to exchanges are often seen as a signal that they may be preparing to sell.This trend can lead to further price drops, as other investors may interpret such moves as a sign of weakening confidence or an impending decline.Market pressure intensified following a $500 million Bitcoin ETF sell-off, coupled with renewed tariff threats from President Donald Trump. The Crypto Fear and Greed Index dropped to 25, indicating extreme fear and marking its lowest level since September 2024.
