BlackRock: Deposits 7048 BTC to Coinbase Prime

BlackRock sent 7048 BTC worth $517 million to Coinbase Prime in a single hour, marking the asset manager's largest single-day net Bitcoin outflow on record.

Over the past twelve months institutional custody shifts of this scale have repeatedly preceded volatility spikes in spot Bitcoin ETF flows. The move arrives as BTC trades at $73560.16 inside its 4-hour Bollinger band, with price sitting below both the EMA50 at $76246.42 and EMA200 at $77084.2 while the MACD prints a fresh death cross at -860.22. RSI at 28.29 shows deep oversold conditions, suggesting short-term exhaustion near the lower band support of $72845.44; any relief rally would likely stall at the EMA50 confluence before the next directional test, directly feeding into updated BTC price prediction models and institutional crypto outflows tracking.