Overview
- On November 18, trackers reported 3,064 BTC and 64,707 ETH moved to Coinbase Prime, valued at about $478 million.
- The latest transfer followed November 17 moves of 4,880 BTC and 54,730 ETH to Coinbase Prime worth more than $650 million.
- BlackRock’s IBIT has recorded about $1.26 billion in net outflows this month, with the fund down roughly 16% over the period.
- CoinShares reported $689 million of outflows from Ethereum products last week as Bitcoin slipped to around $94,000 and Ether to about $3,140.
- The transfers do not by themselves confirm selling, with possibilities ranging from redemption-related settlement to rebalancing, while analysts note rising put demand and a seven‑month high in bearish option skew.