BlackRock Transfers Another 760 BTC to Coinbase, Total Hits 1360 BTC in One Hour

BlackRock Continues Large Bitcoin Transfers

According to the latest data from Arkham, approximately 26 minutes ago, BlackRock transferred 760.783 BTC via its Bitcoin exchange-traded fund IBIT to a Coinbase Prime address, valued at approximately $50.72 million.

Combined with a prior transfer of 600 BTC, this means that within the past hour, BlackRock has transferred approximately 1,360 BTC to Coinbase Prime addresses, with a total value exceeding $90 million.

Market Impact to Be Watched

Such large Bitcoin movements have sparked close market attention to institutional investor activity and could have a notable impact on cryptocurrency price trends.