BlackRock: IBIT ETF Accumulates 7.32K BTC This Week
BlackRock IBIT ETF withdrew 1.84K BTC worth $118.9M from Coinbase Prime, accumulating 7.32K BTC or $478.5M weekly as institutional flows accelerate.
SourceAnalysis
BlackRock added nearly half a billion dollars of BTC this week through its IBIT Bitcoin ETF, withdrawing 1.84K BTC (~$118.9M) from Coinbase Prime in a single day and reaching a weekly total of 7.32K BTC (~$478.5M).
These Bitcoin ETF inflows arrive while BTC trades at $64918.79 inside its Bollinger Bands, pressing against upper resistance at $65195.54 with RSI(14) at 61.0 and MACD holding a golden cross at 277.97. The EMA50 at $64221.05 and EMA200 at $63673.41 sit below price as layered support, creating a technical confluence that favors continuation toward higher targets before any test of the 50-EMA.
This pattern reinforces current BTC price prediction models and crypto market trends driven by sustained institutional demand.
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