BlackRock: Deposits 4,385 BTC to Coinbase

BlackRock deposited 4,385 BTC ($259.83M) and 30,725 ETH ($48.6M) into Coinbase, with another 7,432 BTC moved the prior day for a two-day total of 11,817 BTC ($706M).

BlackRock Bitcoin ETF Coinbase deposit history shows consistent large transfers to exchanges over the past year as the firm manages client exposure amid shifting institutional flows.

Price action on the 4h chart sits at $59390.95 inside the Bollinger Bands with upper resistance at $60818.96 and lower support at $59263.37. The bearish structure holds below EMA50 at $60933.67 and EMA200 at $65847.67 while RSI at 40.2 stays neutral and MACD registers a bullish golden cross at -333.84, pointing to a likely test of the 50-EMA before any sustained move higher.