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BlackRock has renewed attention across cryptocurrency markets after transferring sizable Bitcoin and Ethereum holdings to the Binance exchange. Blockchain tracking firm Lookonchain revealed that the asset manager moved digital assets valued at a combined $123 million.
The transfers involved 1,134 BTC worth $101.4 million and 7,255 ETH valued at $22.1 million. These transactions quickly gained attention as traders closely monitored institutional flows entering centralized cryptocurrency exchanges.
Consequently, short-term market sentiment shifted toward caution as participants assessed possible selling pressure. Large exchange deposits by institutional players often raise concerns about near-term liquidity movements.
At the center of the discussion stands BlackRock, which has displayed consistent cryptocurrency exchange activity in recent months. Since November, the firm has repeatedly transferred Bitcoin and Ethereum across several major trading platforms. This recurring behavior has strengthened views that the transfers reflect strategic portfolio repositioning decisions. Hence, traders increasingly interpret the activity as part of broader asset management adjustments rather than isolated operational movements.
The timing also aligns with pressure in BlackRockās exchange traded funds business during late 2025. The firm recorded more than $2.1 billion in ETF outflows during its weakest monthly performance of the year. Those outflows represented nearly 3% of total ETF assets within a four-week period. As a result, analysts linked the renewed cryptocurrency transfers to internal rebalancing amid changing investor sentiment.
Additionally, traders revisited BlackRockās earlier crypto movements involving other major exchanges. The firm previously transferred 2,201 BTC and 7,557 ETH, valued near $214 million, to Coinbase. That earlier activity similarly fueled speculation surrounding sustained institutional selling pressure. Moreover, BlackRock has not provided any public explanation regarding the purpose behind its repeated exchange deposits.
Despite these concerns, Bitcoin demonstrated resilience during the latest trading session. The asset gained more than $2,000 from its opening level, trading at $89,412.80. Analysts observed reduced whale deposits across major exchanges during the same period. Hence, immediate selling pressure appeared limited despite BlackRockās sizable asset movements.
Ethereum also showed strength after successfully reclaiming the $3,000 level. The asset traded at $3,048.61 after reaching an intraday high near $3,064. Unlike Bitcoin, Ethereum recorded stronger participation from active market traders. Trading volume increased 7.12% to $14.98 billion, reflecting sustained engagement despite institutional transfer concerns.
Overall, BlackRockās $123 million Bitcoin and Ethereum transfer continues influencing near-term sentiment across cryptocurrency markets. Institutional on-chain movements remain closely monitored indicators for traders assessing potential volatility and broader market direction.
Also Read: Worldās Highest IQ Holder Signals Strong XRP Support With New XRPL Token Launch
The post BlackRock Moves $123M in Bitcoin and Ethereum, Sparking Fresh Crypto Market Fears appeared first on 36Crypto.
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