BlackRock: Deposits 3,966 BTC Into Coinbase
BlackRock moved 3,966 BTC ($244.4M) to Coinbase, highlighting institutional Bitcoin flows amid BTC price action at $62829.56.
SourceAnalysis
BlackRock transferred 3,966 BTC valued at $244.4M into Coinbase custody on June 9, 2026, extending its pattern of institutional Bitcoin flows to Coinbase Prime for IBIT ETF operations.
Price sits at $62829.56 inside Bollinger Bands with upper resistance at $64480.85. The bearish structure holds as price remains below EMA50 at $64804.75 and EMA200 at $71916.36, yet MACD shows a bullish golden cross at -229.0 while RSI(14) rests neutral at 47.2. A test of the upper band could trigger a retracement toward the 50-EMA support before any sustained move higher.
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