【Crypto World】On-chain data shows that BlackRock has just transferred 36,579 ETH to a major exchange, worth approximately $108.4 million USD. Even more interesting is that this largest asset management company in the United States seems to have not stopped. According to tracking data, BlackRock may continue to increase this position.
What does this move mean? As one of the world’s largest asset management firms, every action by BlackRock is closely watched by the market. Large inflows of ETH into exchanges usually have two possibilities: one is preparing to cash out, and the other is preparing for larger positions. Combined with recent market performance of Ethereum and the ongoing enthusiasm from traditional financial giants for crypto asset allocation, this entry may more likely signal institutional bullishness.
For retail investors, changes in institutional holdings are always an important reference indicator.
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ChainMemeDealer
· 12-20 09:45
BlackRock is really getting serious, pouring over 100 million dollars... But on the other hand, is this a bottom-fishing move or a strategic layout?
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NightAirdropper
· 12-19 13:06
Bottom fishing? Probably just another pump to trap retail investors.
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TokenUnlocker
· 12-19 13:01
BlackRock is buying the dip again, this wave is going to rise.
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BlockchainWorker
· 12-19 12:52
BlackRock's move this time is definitely a bottom-fishing signal. I need to follow the trend and increase my holdings.
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RatioHunter
· 12-19 12:42
BlackRock invests over 100 million? Here we go again, starting to hype the concept.
BlackRock makes a big move to increase ETH holdings: a one-time deposit of over $100 million, a signal of institutional bottom-fishing?
【Crypto World】On-chain data shows that BlackRock has just transferred 36,579 ETH to a major exchange, worth approximately $108.4 million USD. Even more interesting is that this largest asset management company in the United States seems to have not stopped. According to tracking data, BlackRock may continue to increase this position.
What does this move mean? As one of the world’s largest asset management firms, every action by BlackRock is closely watched by the market. Large inflows of ETH into exchanges usually have two possibilities: one is preparing to cash out, and the other is preparing for larger positions. Combined with recent market performance of Ethereum and the ongoing enthusiasm from traditional financial giants for crypto asset allocation, this entry may more likely signal institutional bullishness.
For retail investors, changes in institutional holdings are always an important reference indicator.