BlackRock: IBIT Withdraws 883.6 BTC from Coinbase Prime

BlackRock IBIT pulled another 883.6 BTC worth $54.8M from Coinbase Prime while taking in 3,268 BTC (~$208M) over the past 24 hours, continuing its pattern of institutional Bitcoin ETF withdrawals tied to Coinbase custody history. BTC trades at $62,099.45 inside the Bollinger Bands with the upper resistance at $64,338.76 and lower support at $61,836.6. The 4-hour structure remains bearish as price sits below EMA50 at $62,334.78 and far under EMA200 at $64,157.07, while MACD prints a death cross at 22.33 and RSI holds neutral at 44.2; this confluence points to exhaustion at the upper band and a likely test of the lower band support before any sustained move higher in BTC price prediction scenarios.