Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Looking at on-chain data is a bit nerve-wracking. Recently, BlackRock transferred 2,164 BTC and 22,902 ETH to a compliant platform. Based on the market prices on January 8, the BTC portion is worth $195.12 million, and the ETH is worth $71.43 million. Monitoring also indicates that there may be further transfers.
This transfer has indeed attracted market attention. Such moves by large institutions are often interpreted—are they laying out plans for subsequent operations, or simply reallocating assets? Moving assets to a compliant platform is not unusual in itself, but the scale and timing together have many speculating about the future direction. Large transfers of both BTC and ETH suggest it's not just a single asset adjustment.
The market has always been very sensitive to institutional movements, especially at this level of transfer. There may be short-term emotional fluctuations, but what's more important is how these assets are handled afterward.