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🚨 JUST IN: BLACKROCK DEPOSITED 44,140 $ETH ($135M) INTO PRIME.
This wallet move is usually a sign of ETF OUTFLOW SETTLEMENT or liquidity management, meaning REDEMPTIONS HAVE ALREADY OCCURRED in their spot ETF.
Institutional caution is clearly high. The question remains: Are they dumping, or just rebalancing to scoop up the dip?