Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
BlackRock conducts large-scale Bitcoin transfers on a certain compliant platform, sparking market concerns about whether it signals a sell-off
Source: Yellow Original Title: Why BlackRock’s Bitcoin Transfers Between Coinbase Accounts Are Fueling Mass Sell-Off Fears
Original Link: https://yellow.com/es/news/por-qué-las-transferencias-de-bitcoin-de-blackrock-entre-cuentas-de-coinbase-están-alimentando-temores-de-ventas-masivas BlackRock’s iShares Bitcoin Trust has conducted multiple large-scale Bitcoin transfers this week. On-chain data shows that between January 15 and 16, over an eight-hour period, 6,647 BTC were transferred out from an institutional custody service on a compliant platform, worth approximately $638 million.
These transfers occurred as BlackRock’s IBIT diverged from broader market trends, recording a net inflow of $15 million on Friday, while competitors’ Bitcoin funds saw a total outflow of $394 million.
Operational Transfers vs. Market Impact
On-chain intelligence firm Onchain Lens tracked that BlackRock withdrew a total of approximately $900 million worth of 9,346 BTC and $13.76 million worth of 4,179 ETH over two days.
Industry observers typically interpret exchange withdrawals as a bullish signal, indicating long-term holding intentions, contrasting with deposit activity on exchanges, which may suggest imminent selling to meet redemption requests.
BlackRock’s deposit operations in early January coincided with ETF outflows, including a transfer of Bitcoin and Ethereum worth $294 million on January 9, when IBIT’s daily redemption reached $193 million.
Growing Holdings Amid Volatility
The asset management company’s total Bitcoin holdings through IBIT now amount to approximately 781,000 BTC, representing nearly 4% of the circulating supply. Recent increases include the purchase of 6,647 BTC and related withdrawal activities.
Bitcoin traded around $95,000 on Saturday, failing to sustain the momentum from earlier in the week when it broke through $97,000. Amid increasing market uncertainty, it declined about 1% over 24 hours.