BlackRock: IBIT Withdraws 1.97K BTC for $166M

BlackRock’s IBIT withdrew 1.97K BTC (~$166M) from Coinbase Prime in the past hour, extending its aggressive accumulation streak. At the current BTC price of $84400 the spot ETF continues to absorb supply directly from exchanges, tightening available float and feeding into longer-term BTC price prediction models. On the 4h chart price sits inside the Bollinger Bands with upper resistance at $87428 while the 50-EMA at $82555 and 200-EMA at $77385 remain the key supports; RSI at 53.17 shows neutral momentum yet the MACD death cross at 549.89 signals short-term caution, suggesting any push toward the upper band may stall and trigger a healthy retracement to the 50-EMA before continuation.