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BlackRock transferred nearly 1,200 BTC in 1 hour, attracting attention with a large order of $110 million
[BlockBeats] Just caught a major move — the world’s largest asset management firm, BlackRock, transferred nearly 1,200 BTC to a major compliant platform within one hour. The specific amount was 1,197.68 BTC, which is roughly $110 million at the current price.
This isn’t the first time BlackRock has made a significant transfer. With institutional funds continuously flowing in, how will the market interpret this? Some say it’s stocking up for ETFs, while others believe it’s a strategic portfolio adjustment. Either way, on-chain moves of this scale are definitely worth watching.