BlackRock's Bitcoin Transfer to Coinbase Sparks Market Concerns

BlackRock has transferred a large quantity of Bitcoin to Coinbase, igniting worries regarding potential market pressure. This move follows a series of outflows from Bitcoin exchange-traded funds (ETFs) and has raised eyebrows in the financial community about the stability of Bitcoin prices. Analysts are closely monitoring the situation as market reactions unfold.

Key Takeaways

BlackRock deposited 2,201 Bitcoin into Coinbase, causing concerns about selling pressure.
The transfer coincides with a streak of outflows from Bitcoin ETFs.
Other major players like Binance and Fidelity have also contributed to Bitcoin selling, totaling billions in value.
Market analysts express differing outlooks on Bitcoin's future, with some predicting potential price recovery.

BlackRock Bitcoin transfer to Coinbase raises market concerns - 1

Bitcoin ETF Outflows

Recent reports indicate that Bitcoin ETFs have been experiencing a streak of outflows lasting seven days. In the week prior, BlackRock had deposited 6,174.39 Bitcoin, ostensibly to facilitate share redemptions for its Bitcoin fund. Bitcoin had briefly surged past its resistance level on December 28, but the increase was short-lived as BlackRock's transfer to Coinbase followed closely thereafter.

Market Sentiment and Analysis

Cryptocurrency analyst Martini highlighted that the selling pressure isn't exclusive to just BlackRock. Not only BlackRock but also platforms like Binance, Wintermute, Coinbase, and Fidelity have sold considerable amounts of Bitcoin, accumulating to billions in value.

Over the weekend, significant price volatility was observed with Bitcoin's value rising on Sunday only to sharply decline by Monday, resulting in liquidations across both short and long positions.

Earlier in the year, Bitcoin had outperformed other significant assets such as gold and the S&P 500, but its performance has lagged following a downturn in October. Analyst Kevin Capital noted on X that current data indicators show a more favorable outlook for Bitcoin, hinting at possible stabilization against equity markets and gold in the upcoming weeks.

Reasons for Recent Price Movements

UPDATE 🚨 HERE’S THE REASON WHY BITCOIN IS DUMPING
BINANCE SOLD 12,779 BTC
WINTERMUTE SOLD 10,855 BTC
COINBASE SOLD 9,781 BTC
BLACKROCK SOLD 2,921 BTC
FIDELITY SOLD 4,008 BTC

SO FAR, THEY DUMPED $3.5 BILLION IN $BTC IN JUST 1 HOUR
THIS IS MANIPULATION!!
— That Martini Guy ₿ (@MartiniGuyYT) December 29, 2025

Analyst Ted Pillows stated that there is potential for a Bitcoin rally, as long-term holders seem to have paused their selling activity for the first time since July 2024, as inferred from on-chain data.

As of the latest updates, Bitcoin prices have seen a slight increase over the past 24 hours.

Bitcoin price
Source: CoinGecko