BlackRock Transfers 2,201 BTC to Coinbase, Raising Market Concerns
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bitcoin Transfer: BlackRock's transfer of 2,201 BTC to Coinbase raises concerns about potential selling pressure in the market, particularly as Bitcoin ETFs have logged a seven-day streak of outflows, indicating fragile market sentiment.
- Increased Market Volatility: Analysts highlight that selling from multiple large players has intensified market volatility, with weekend price swings triggering liquidations on both long and short positions, further exacerbating uncertainty in the market.
- ETF Outflows: BlackRock's Bitcoin ETF recorded outflows on December 26, following a deposit of 6,174.39 BTC the previous week to facilitate share redemptions, reflecting a cautious investor sentiment towards the market.
- Change in Long-Term Holder Behavior: Despite market pressures, analysts note that long-term holders have stopped selling for the first time, which may indicate potential for a Bitcoin rally in the coming weeks, although it currently remains below key resistance levels.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






