BlackRock: Deposits 2,400 BTC and 38,337 ETH to Coinbase
BlackRock moves 2,400 BTC ($149.61M) and 38,337 ETH ($63.38M) into Coinbase, with more deposits expected as BTC tests lower Bollinger support at $62,590.
SourceAnalysis
BlackRock transferred 2,400 BTC worth $149.61 million and 38,337 ETH worth $63.38 million into Coinbase, signaling further inflows ahead.
With price testing lower Bollinger support at $62,590.89 while the EMA50 sits at $64,069.51 and EMA200 at $68,303.16, the bearish MACD death cross at -151.85 keeps downside pressure intact; RSI at 36.45 leaves room for a bounce only if spot demand from institutions like BlackRock absorbs the supply. Traders tracking BTC price prediction models now watch whether this deposit flow accelerates or stalls near the $62,906 lower band before any relief rally materializes.
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