#数字资产市场观察 The big asset management firms on Wall Street have recently taken quite strong actions.

BlackRock has continuously withdrawn a large amount of assets from a compliant platform in the past few days - in three days, it has moved out more than 4000 BTC and 80,000 ETH, with the largest transaction in a 10-minute window transferring 300 Bitcoin and 16,000 Ethereum. Preliminary calculations show that this operation has cost nearly 600 million USD.
The approach of an organization of this scale is really very direct. It should be noted that BlackRock manages 13 trillion USD in assets, and the scale of their Bitcoin ETF has long surpassed 100 billion USD. Currently, their continuous accumulation of commodities may indeed be laying the foundation for the product. On the Ethereum side, the annual staking yield of about 5%, along with the deflationary mechanism, makes it very attractive to traditional financial institutions. Even their 2.8 billion USD crypto fund cannot lack BTC and ETH in its underlying asset structure.
There are a few notable changes behind this incident:
**Supply of goods is tightening**
The amount of Bitcoin on the exchange has decreased by nearly 200,000 compared to six months ago. Institutions continue to buy in this way, and in Q4, there may actually be a situation of "goods not available for purchase"; at that point, prices are likely to fluctuate significantly.
**Retail investors' strategies need adjustment**
BlackRock currently holds 10% of the circulating ETH, and when this holding volume is adjusted, the market volatility will be very apparent. Later, when you see large transfers on-chain, don't panic, often it's just the daily payment activity of the ETF products.
**Decentralization faces challenges**
Recently, V God has also expressed concern - when the holdings of large whales concentrate to a certain degree, will their influence on the network shake the foundations of decentralization? This question truly needs to be taken seriously by the industry.
There are two points to note in the future: the progress of the ETF approval related to ETH staking and the situation of implementing Layer 2 solutions for Bitcoin. If there is substantial progress in these two issues, it could bring in new capital.
To be honest, at this stage, regular investors need to clearly identify their position. Either follow regulated products or look for small opportunities that institutions have not paid attention to. In a market dominated by large capital, blindly chasing trends really carries significant risks.
Do you think that the involvement of these organizations is a long-term optimism or just a temporary arrangement? Can Bitcoin take advantage of this momentum to reach 100,000 USD? Welcome to share your opinions.
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