<ul><li>BlackRock has transferred 4,113 Bitcoin worth $429 million to Coinbase Prime, raising concerns about a possible shift in its strategy.</li><li>Speculation of institutional selloff led to Bitcoin price dipping below $105,000, but on-chain data showed no confirmed Bitcoin sale by BlackRock.</li><li>The transfer involved multiple transactions from BlackRock-linked wallets to Coinbase Prime using batches of 300 BTC, indicating a planned and orderly fund transfer.</li><li>Arkham Intelligence confirmed that BlackRock did not sell Bitcoin related to the Coinbase Prime transfer, indicating it was for custody and not distribution of funds.</li></ul>

BlackRock Moves $429M in BTC to Coinbase Prime, Sparks Sell Fears

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