BlackRock, the world’s largest asset manager, has once again deposited $383.9 million worth of Bitcoin (BC) into Coinbase Prime. as spotted Using on-chain tracking platform Lookonchain, the asset manager also moved around $122 million worth of Ethereum (ETH).
BlackRock’s repeated Bitcoin transfers fuel concerns
In particular, Coinbase Prime processes crypto assets from institutional investors for trading or storage. Therefore, the large amount of Bitcoin that BlackRock has deposited with Coinbase has sparked speculation of a sale.
Some market participants wonder if the biggest asset managers are aware of developments that individual traders are not yet aware of. They assume that BlackRock is preparing to release a significant amount of its leading crypto assets to the market.
BlackRock deposited 3,496 $BTC ($384 million) and 31,754 $ETH ($122 million) to #CoinbasePrime 3 hours ago. https://t.co/qmuDIrPHc6 pic.twitter.com/RkWNMTHVm4
— Lookonchain (@lookonchain) October 31, 2025
BlackRock has not made any selling moves yet and the deposit to Coinbase Prime could be a custodial or operational move. Asset management companies are known to move Bitcoin around for custody, auditing, or liquidity management.
Although no concrete action has been taken regarding Bitcoin movements, market participants are closely monitoring developments. Such a big move by BlackRock could have an impact on broader market sentiment.
Investors are becoming cautious given October’s crypto market volatility caused by macroeconomic tensions. Repeated deposits could cause potential selling pressure on BTC and cause the price to fall.
As reported by U.Today, just 10 days ago, BlackRock raised a similar amount of 2,854 BTC (approx. $314 million on the exchange. Understandably, this frequency is of concern to investors looking to discern if there is a pattern in asset managers’ movements.
Bitcoin eyes $112,600, traders brace for liquidation
Despite the concerns, Bitcoin gained 2.05% in the past 24 hours. exchange Handing over $110,564.53. The coin reached resistance at $110,000 after rising from the daily low of $106,376.69 in the time frame.
However, trading volume has not increased as much as Bitcoin’s price. The asset’s trading volume is now $63.91 billion, down 17.37%.
Market participants’ interest in accumulating coins appears to have slowed after BlackRock moved significant amounts of Bitcoin to Coinbase Prime several times in October alone. Perhaps they are anticipating further decline in the price outlook.
Interestingly, the Bitcoin market could witness a massive liquidation if the price rises further to $112,600. According to the data, most short positions are Traders could suffer serious liquidations If ecological bulls push prices higher.
As the volatile month of October gradually unfolds, traders are keeping an eye on what’s next. What November Offers About Bitcoin price outlook.
