BlackRock transferred 7,160 $BTC and 98,850 $ETH to Coinbase within 48 hours, with a total value exceeding $600 million. Combined with the spot Bitcoin ETF experiencing net outflows for 5 consecutive trading days, totaling $720 million in outflows, the market suddenly sold off over $1.3 billion worth of Bitcoin and Ethereum. No wonder there's such a big crash tonight.