BlackRock: Deposits 900 BTC and 17,511 ETH to Coinbase

BlackRock moved 900 BTC worth $62.55 million and 17,511 ETH worth $34.57 million into Coinbase custody on June 2, 2026, with on-chain data indicating additional deposits ahead.

BlackRock Bitcoin ETF Coinbase custody deposit history shows repeated large transfers that align with spot ETH ETF inflows versus BTC patterns observed over the past year.

Price action on the 4h chart reveals BTC trading at $69496.08 inside a bearish structure defined by EMA50 at $73795.88 and EMA200 at $76189.9, while RSI at 19.54 signals oversold conditions and MACD at -1054.06 confirms the death cross; with price testing the lower Bollinger support near $69857.92, a bounce toward the 50-EMA appears likely before any sustained continuation.