Hupzy (Spot On Chain)
Hupzy (Spot On Chain)|6ๆœˆ 03, 2026 13:05
๐Ÿ“ˆ BlackRock deposited another 6,005 BTC (~$403M) into Coinbase Prime โ€” the latest in a string of large ETF-issuer transfers that typically precede redemptions or institutional rebalancing. Explorer: https://intel.arkm.com/explorer/entity/blackrock ๐—›๐˜‚๐—ฝ๐˜‡๐˜† ๐˜๐—ฎ๐—ธ๐—ฒ: Combined with the $1.01B weekly sell-off flagged in late May, this adds ~$403M of potential sell-side overhang. The key question is whether these coins hit the spot book or get redistributed OTC. If BTC holds above $65K despite this flow, it signals strong underlying bid absorption โ€” but until then, the deposit pattern keeps downside pressure on the table. --source: https://x.com/lookonchain/status/2062155327710355721 Track real-time signals & trade โ†’ https://hupzy.com/trending(Hupzy (Spot On Chain))
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