BlackRock’s latest crypto movements have raised fresh concern after on-chain data showed another large transfer involving Bitcoin and Ethereum. According to Lookonchain, the firm deposited 3,064 BTC and 64,707 ETH into Coinbase Prime only a day after completing a larger transfer.
This activity added pressure to a market already navigating a broad correction. Besides the timing, the deposits increased speculation that BlackRock is reducing its crypto exposure. Lookonchain confirmed that more than $478 million in BTC and ETH moved within minutes. The transfers followed the same pattern as the previous $642 million deposit.
Market Unease Grows as Transfers Continue
Consequently, traders questioned whether the firm is preparing for more sell-offs or adjusting positions linked to its ETF operations. Each batch moved in fixed portions of 300 BTC or 10,000 ETH, which drew attention to the structured pattern.
Moreover, the repeated transfers into Coinbase Prime influenced sentiment during a sensitive market phase. Many traders viewed the actions as a sign that institutional pressure may continue.
Significantly, the frequent movements increased caution among investors reacting to prolonged weakness across major assets. Market discussions reflected heightened focus on institutional flows and their short-term effects.
Market Performance Amidst Uncertainty
At the same time, broader market data showed signs of improvement. Crypto markets advanced over the past 24 hours as several major assets posted percentage gains. Bitcoin BTC rose 1.6% to $90,908.34, and Ethereum ETH increased 2.1% to $3,037.22. These gains supported a slight boost in overall sentiment.
Conclusion
BlackRock’s recent transfers have intensified market anxiety during an active sell-off. The structured movements and cautious trading environment kept institutional actions at the center of crypto discussions.