BlackRock: Deposits 7,432 BTC to Coinbase Prime
BlackRock moved 7,432 BTC worth $446M to Coinbase Prime in its largest single-day net BTC outflow, with BTC at $59867.79 on 4h chart.
SourceAnalysis
BlackRock sent 7,432 BTC ($446M) to Coinbase Prime in its largest single-day net outflow on record. BTC trades at $59867.79 inside the Bollinger band with upper resistance at $60853.37. Price sits below EMA50 at $61227.92 and EMA200 at $66223.72 in a bearish structure while MACD shows a golden cross at -400.42 and RSI holds neutral at 43.92. With price testing upper Bollinger resistance at $60853.37 while RSI remains neutral, a healthy retracement to the 50-EMA support at $61227.92 appears probable before further continuation. This flow arrives amid sustained institutional rotation seen over the past six months.
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