Tim Draper: 1000 BTC Deposited to Coinbase Prime

A wallet possibly linked to Tim Draper deposited 1,000 BTC ($61.82M) to Coinbase Prime seven hours ago. Draper acquired roughly 29,656 BTC from the 2014 U.S. Marshals Silk Road auction at $632 each; those holdings peaked at $3.74B and now sit at $1.82B.

Price action on the 4h chart shows BTC inside the Bollinger Bands testing upper resistance at $62256.59 while the EMA50 at $60626.36 continues to act as concrete support beneath the current $61655.82 print; the MACD golden cross at 398.29 keeps the broader structure bullish even as RSI at 61.16 leaves room before overbought conditions develop.