Blackrock: Deposits 929 BTC and 36,449 ETH to Coinbase
Blackrock moves 929 BTC ($67.5M) and 36,449 ETH ($72.23M) into Coinbase with more deposits expected amid bearish BTC price action.
SourceAnalysis
Blackrock deposited 929 BTC ($67.5M) and 36,449 ETH ($72.23M) into Coinbase and signals further inflows ahead. Price sits at $72762.82 on the 4h chart inside a bearish structure with EMA50 at $74638.97 acting as resistance and EMA200 at $76454.15 capping upside while MACD prints a death cross at -391.44. With price testing the lower Bollinger band near $72926.59 support and RSI at 32.77, institutional selling pressure aligns with BTC price prediction models that flag continued downside before any relief rally. Traders now watch Coinbase order flow for clues on ETH accumulation trends and potential crypto market crash acceleration if deposits accelerate.
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