**BlackRock Moves $115 Million in Ethereum in Major Sell-Off Attempt**
*BlackRock joins panic sellers? Ethereum on the verge of losing 2025 gains*
On Wednesday, November 5th, investment giant BlackRock offloaded a significant portion of its Ethereum holdings as the broader crypto market remained deep in the red. According to data from on-chain tracking platform Whale Insider, BlackRock transferred a massive 34,777 ETH—worth over $114.97 million—into Coinbase, one of the leading U.S. crypto exchanges.
The transaction has stirred discussions across the crypto community, fueling doubts as holders increasingly sell off their assets.
The data further reveals that BlackRock made these large Ethereum deposits in four separate, identical transactions, all completed within minutes. Notably, the transfers were made to Coinbase Prime very recently, signaling what appears to be a major sell-off attempt.
Although the move is not entirely surprising given the timing—amid a significant price correction in the crypto market—it has prompted widespread speculation about BlackRock’s motives behind the sell-off.
### BlackRock Joins Panic Sellers?
The nature and timing of the transfer have sparked curiosity among market watchers and analysts. Some speculators suggest that BlackRock has lost confidence in Ethereum’s future prospects and is depositing the tokens as a precautionary measure.
Beyond BlackRock’s latest Ethereum deposit, the market has witnessed other whales dumping large quantities of Ethereum tokens. This trend suggests that bulls may be exiting the market. While increased liquidity is flowing into major supported exchanges, overall market confidence is weakening. Retail traders appear to be panic-selling amid mounting concerns and efforts to hedge against further losses.
### Ethereum on the Verge of Losing 2025 Gains
BlackRock’s sizable Ethereum deposit comes at a critical time when the market is experiencing severe price corrections after multiple days of heavy losses. More holders are offloading their assets, and BlackRock seems to be joining this growing trend.
As the situation evolves, investors will be closely watching Ethereum’s price movements in the coming days to determine whether these sell-offs mark a temporary downturn or signal a longer-term shift in market sentiment.
*Stay tuned for more updates on this developing story.*
https://bitcoinethereumnews.com/ethereum/blackrock-moves-115-million-in-ethereum-in-major-sell-off-attempt/