BlackRock: Deposits 4,577 BTC to Coinbase

BlackRock sent 4,577 BTC ($271.38M) and 41,996 ETH ($65.16M) into Coinbase with more transfers expected, per on-chain data from @OnchainLens.

BlackRock spot Bitcoin ETF custody flows continue to shape institutional positioning while BTC price prediction models factor in the current bearish structure; price sits at $59473.74 beneath the EMA50 at $62437.08 and EMA200 at $67297.41, MACD registers a death cross at -985.71, and the market trades inside Bollinger bands with support at $58591.0, limiting immediate upside until a test of lower volatility exhaustion levels occurs before any crypto market crash rebound materializes.