BlackRock: Moves $611M BTC ETH to Coinbase Prime
BlackRock shifted 7,160 BTC and 98,850 ETH worth $611M to Coinbase Prime in 48 hours amid BTC at $59666.08.
SourceAnalysis
BlackRock shifted 7160 BTC ($447M) plus 98850 ETH ($164M) totaling $611M into Coinbase Prime across the last 48 hours. BTC trades at $59666.08 beneath the EMA50 at $63475.59 and EMA200 at $67928.88 in a confirmed bearish structure while the MACD death cross at -764.23 locks in downside momentum. The RSI(14) at 22.7 shows oversold conditions yet price sits at the lower Bollinger Band support of $60448.14 with upper resistance at $65886.6, creating a high-probability setup for a relief bounce into the 50-EMA before renewed selling pressure resumes. This flow adds to the institutional distribution pattern observed over the prior six months and directly feeds into BTC price prediction models that flag elevated crypto market crash risks.
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