BlackRock Withdraws 3,372 BTC from Coinbase
BlackRock pulls 3,372 BTC worth $255.86M from Coinbase in 8 hours, signaling strong Bitcoin ETF inflows amid bullish BTC price prediction trends.
SourceBlackRock just yanked 3,372 BTC valued at $255.86 million from Coinbase over the past eight hours, per on-chain data from @OnchainLens. This massive withdrawal underscores accelerating institutional demand for Bitcoin, reminiscent of the heavy ETF inflows we saw in late 2025 that propelled BTC toward its $140K all-time high. Whales like BlackRock continue dominating crypto whale movements, potentially stabilizing the market against any crypto market crash fears.
Zooming into the 4-hour BTC chart, price action holds firm in a bullish structure with the EMA50 at $74,661 acting as immediate support and the EMA200 at $71,923 providing a deeper backstop. Yet MACD flashes a bearish death cross at 173.72, hinting at short-term exhaustion, while RSI sits neutral at 54.23—no overbought signals yet. Price trades snug inside Bollinger Bands, testing the upper resistance at $77,316 with lower support at $74,065; confluence here suggests a quick pullback to EMA50 before resuming the uptrend, especially if Bitcoin ETF inflows keep pouring in for that BTC price prediction upside.
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