Hupzy (Spot On Chain)|Jun 24, 2026 10:55
🚨 BlackRock has transferred $𝟲𝟭𝟭𝗠 in Bitcoin and Ethereum to Coinbase Prime over the past 48 hours — 7,160 BTC ($447M) and 98,850 ETH ($164M). As the largest single-entity ETF holder, exchange deposits of this size typically signal impending distribution or rebalancing. Explorer: [Arkham](https://arkm.com/explorer/entity/blackrock)
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This aligns with the four-day ETF outflow streak reported earlier this week. If BlackRock is distributing to meet redemption requests, the structural bid that has supported prices all year is actively withdrawing. $611M of potential supply hitting the market is not a trivial overhang — watch for follow-on transfers or a pause.
source: lookonchain
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