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@General-Mils 3 months ago

BlackRock moves BTC to Coinbase as IBIT sees outflows

BlackRock moves BTC to Coinbase as IBIT sees outflows

BlackRock moved 4,471 BTC to Coinbase Prime just hours before the PPI report came out. This happened as their IBIT ETF saw over $2 billion in outflows this month. VanEck analysts think this is due to tightening liquidity in the US. Cathie Wood disagrees and says the pressure is temporary. Eric Balchunas also pointed out that short interest is down and institutions aren't really selling. Stocks like MSTR and COIN are down a bit in pre-market.
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@ReaderMed143 3 months ago

Wild how fast big players move their BTC around market feels shaky but lowkey calculated 📉