BlackRock: Withdraws 1,104 BTC to IBIT ETF Wallet
BlackRock withdraws 1,104.45 BTC (~$71.40M) from Coinbase Prime to IBIT ETF wallet, tightening exchange reserves amid spot bitcoin ETF inflows.
SourceAnalysis
BlackRock accumulated and withdrew 1,104.45 BTC (~$71.40M) from Coinbase Prime to its IBIT Bitcoin ETF wallet.
Price action on the 4h chart shows BTC at $64,714.72 holding a bullish structure above the EMA50 support at $64,442.73 and EMA200 at $63,932.3, with MACD golden cross at -47.96 reinforcing momentum while RSI at 54.84 stays neutral; the pair sits inside the Bollinger band and eyes upper resistance at $65,178.9 before any retracement to lower support at $63,068.53.
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