BlackRock Makes Large Transfer to Coinbase, 1,134 BTC and 7,255 ETH Movement Draws Attention

On-chain data shows that BlackRock has transferred a large amount of assets to the Coinbase platform, involving 1,134 BTC and 7,255 ETH. Based on real-time prices, these 1,134 BTC are worth approximately $101.37 million, while 7,255 ETH are valued at about $23.1 million, totaling over $120 million in two transfers.

This move has once again sparked market attention on institutional investors' allocation strategies. From on-chain monitoring data, BlackRock's frequent deposit operations are often interpreted as important signals of institutional positioning. Especially in the current market environment, large inflows of assets into mainstream trading platforms often indicate changes in market participation.

**In terms of Bitcoin**, the transfer of 1,134 BTC is quite significant. At the current Bitcoin price of approximately $93,180, this BTC transfer corresponds to a substantial market value. **Regarding Ethereum**, the inflow of 7,255 ETH is also noteworthy. With Ethereum priced around $3,220, this portion of assets also reflects important institutional allocation trends.

As one of the world's largest asset management firms, BlackRock's every move in the crypto asset space can reflect the market attitude of institutional investors. This transfer of dual tokens to Coinbase may imply an adjustment in its current crypto asset allocation and provides an important reference signal for market participants.