this doesn’t always mean a dump, large btc transfers to coinbase prime can also be tied to etf operations and liquidity management.
but yh… moves like this still make the market nervous and triggers fear
blackrock is not bearish on btc yet
BlackRock deposited 7,048 $BTC($517M) into #CoinbasePrime over the past hour.
This is #BlackRock's largest single-day net $BTC outflow ever.
https://t.co/qmuDIrPHc6