Wintermute founder: "The large transfer of coins from BlackRock to Coinbase has a lag, and the sell-off has actually been completed in the ETF."
Wintermute founder Evgeny Gaevoy commented on "BlackRock transferring large amounts of BTC and ETH to Coinbase" on X, stating: "This is actually a very lagging indicator. The sell-off has already occurred in the ETF. The on-chain transfers by market makers are often the same situation."
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