BlackRock has transferred 2,042 BTC, valued at $213 million, and 22,681 ETH, worth $80 million, to Coinbase, raising concerns about potential sell-side activity. This move comes as Bitcoin's price dropped to $103,525, revisiting levels last seen in June, and sparking fears of a decline below the $100,000 mark. The transfer coincides with ongoing ETF outflows for both Bitcoin and Ethereum, which have persisted for four consecutive days, adding to the selling pressure from large holders. Analysts suggest that such large fund manager transfers to exchanges often precede strategic rebalancing or profit-taking, potentially impacting short-term market sentiment. Despite the heavy redemptions, some traders believe Bitcoin's resilience above $100,000 could signal a support level, possibly setting the stage for a rebound if selling pressure diminishes.