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COINOTAG News reported, citing OnchainLens, that a BlackRock IBIT address deposited 794.43 Bitcoin (approximately $87.44 million) and 48.36 Ethereum (about $18.88 million) to Coinbase in the past hour. The move underscores meaningful institutional crypto activity as funds flow toward a leading exchange.
Such exchange deposits can reflect liquidity dynamics and potential portfolio allocation adjustments by large institutions, with the involvement of a prominent name like BlackRock lending credibility to the transaction.
Markets will monitor upcoming on-chain signals and Coinbase inflows to assess whether this event signals a one-off liquidity shift or a broader trend in institutional crypto movements.
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