[Wintermute Founder Says BlackRock's Transfer of Coins to Coinbase Shows Lag] Wintermute founder Evgeny Gaevoy commented on the X platform regarding 'BlackRock transferring large amounts of BTC and ETH to Coinbase,' stating that this is a highly lagging indicator. The sell-off has already been completed within the ETF, and similar situations often occur with market makers' on-chain transfers.