Overview
- Arkham Intelligence tracked deposits of 2,201 BTC (about $192 million) and 7,557 ETH (about $22 million) from BlackRock-linked wallets to Coinbase Prime in late December.
- Spot Bitcoin ETFs saw $275.88 million in net outflows on Dec. 26, including $192.61 million from BlackRock’s IBIT, while Ethereum ETPs recorded $38.70 million in withdrawals.
- BlackRock moved an additional 6,174.39 BTC the previous week, reported as facilitating share redemptions for its Bitcoin fund.
- Bitcoin briefly topped $90,000 on Dec. 28 before retreating to roughly $87,300 at the time of reporting, reflecting heightened volatility and liquidations on both sides of the market.
- Social media posts alleging coordinated multi-firm Bitcoin sales have not been corroborated, while some analysts cite on-chain data indicating long-term holders have paused selling.