BlackRock: IBIT Shifts $122M BTC to Coinbase Prime

BlackRock’s IBIT Bitcoin ETF transferred 1,948.07 BTC (~$122.03M) to Coinbase Prime. The fund held 737,118.26 BTC (~$46.18B) as of July 31 and posted a 12.18% return since inception alongside a -45.62% one-year return.

With BTC trading at $62615.75 inside the Bollinger band on the 4h chart, the EMA50 at $63657.9 and EMA200 at $63704.89 form clear resistance while the MACD death cross at -300.29 keeps the structure bearish; RSI at 39.94 leaves room for a push toward lower band support at $62314.94 before any bounce, shaping near-term BTC price prediction and crypto market crash scenarios for Bitcoin ETF flows.