BlackRock has withdrawn 1,789.65 BTC (worth approximately $119.17M) from Coinbase Prime, according to on-chain data. Large transfers out of Coinbase Prime are generally viewed as a sign of long-term custody rather than immediate selling pressure. Institutional players often move Bitcoin off exchange after ETF-related settlements, treasury allocation, or strategic portfolio management. While a single transaction doesn't confirm market direction, it does reinforce the ongoing trend of institutional capital remaining active in Bitcoin. Follow the smart money, not the noise.
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