BlackRock's Large BTC Withdrawals Attract Market Attention
Recent data shows that BlackRock, the global asset management giant, has withdrawn a total of 10,749 BTC from Coinbase over the past three days. At current market prices, the value of these BTC withdrawals reaches approximately $717.09 million.
On February 28 alone, the company withdrew 4,082 BTC in a single transaction, worth about $269.41 million. These operations reflect strategic capital movements by institutional investors in the current market environment.
On-Chain Analysis Reveals Fund Movements
OnchainLens tracking data indicates that these fund transfers were not random but part of a deliberate asset allocation strategy. Notably, the final destinations of these funds have not yet been disclosed.