Institutional Funds Keep Flowing into Crypto Market
According to data from blockchain analytics platform Lookonchain, global asset management giant BlackRock transferred 1,814.76 BTC (worth about $159 million) and 15,112 ETH (worth approximately $43.75 million) to Coinbase platform on January 26.
The rapid transfer completed within a 25-minute window demonstrates institutional efficiency in capital reallocation. Market analysts suggest this could mark the beginning of larger-scale crypto asset deployment.
Market Response and Outlook
- Bitcoin briefly breaks above $55,000 key resistance level
- Ethereum price rises nearly 3% simultaneously
- Total crypto market cap surges over $15 billion in single day
Industry experts note that continued institutional investment in digital assets indicates growing acceptance of crypto markets within traditional financial systems.