BlackRock has been moving substantial crypto holdings since market open—3,290 BTC (valued around $298 million) and 5,692 ETH (approximately $17.8 million) were transferred to a major exchange. The timing and scale of these transfers suggest potential selling pressure building up. Market participants are watching closely to see if this represents profit-taking or a broader shift in institutional positioning. Such large-scale movements from major players typically create ripples across the broader market.