BlackRock IBIT: Absorbs $118.9M BTC Amid Wintermute Sale

Wintermute sold 619.59 BTC worth $51.7M through Binance as BlackRock’s IBIT ETF absorbed 1,426.47 BTC valued at $118.93M from Coinbase Prime.

Over the past six months institutional flows have dominated BTC price prediction models while Bitcoin ETF flows continue to set the tone for crypto institutional adoption. With price at $82,663.75 sitting below the EMA50 resistance at $84,474.57 yet above the EMA200 support at $82,169.58, the oversold RSI(14) at 29.84 and bearish MACD death cross at -609.48 point to exhaustion inside the Bollinger Bands; a bounce from the lower band near $82,156.94 remains the next tactical level before any sustained move higher.