Overview
- On-chain tracker Arkham reported 3,064 BTC and 26,723 ETH moved to Coinbase Prime.
- The transfers coincided with net outflows from U.S. spot Bitcoin ETFs and uneven Ethereum ETF flows.
- Bitcoin and Ether fell in recent trading as investors weighed liquidity conditions and risk sentiment.
- The timing preceded initial jobless claims and upcoming nonfarm payrolls, which could sway Fed expectations.
- Market watchers scrutinized the activity given BlackRock’s scale and its perceived influence on crypto pricing.