BlackRock is moving the market again: 68,568 ETH and 612 BTC were sent to Coinbase.
This is not "Twitter noise," but the type of flows that really affect the short term.
What is important to understand:
1. A large deposit on the exchange = potential pressure on the price
2. The volume of ETH is significantly larger than BTC → the risk for ETH is locally higher
3. But the fact of the deposit ≠ instant market sales (it could be a rebalancing/operations)
My conclusion:
the market remains in a state of increased volatility,
and such transfers are a trigger for sharp movements and stop hunting.
While the crowd argues "fake or not," the smart ones just cut risk and work from confirmations.
What do you think: is this preparation for a dump or just a regular rebalancing?
NFA. DYOR.