BlackRock Transfers $192M in Bitcoin to Coinbase Prime
- BlackRock transferred over 2,200 Bitcoin, valued at approximately $192 million, to Coinbase Prime.
- The transfer included a significant amount of Ethereum, worth around $22 million.
- These movements follow a $435 million net outflow from BlackRock’s flagship Bitcoin ETF last week.
- BlackRock’s Ethereum ETF also experienced withdrawals, with $69 million pulled last week.
- Bitcoin prices fluctuated significantly, peaking above $90,000 before settling at $87,703.
Trading Analysis
Trading Signal: NEUTRAL (Score: +3)
The recent asset transfer and market volatility indicate potential stabilization after sharp fluctuations.
Price Levels:
Current: $87,703
Support: Not specified | Resistance: Not specified
Recent Range: Above $90,000 – $87,703
The recent transfer by BlackRock to Coinbase Prime highlights ongoing volatility in the cryptocurrency market. With Bitcoin prices experiencing sharp swings and ETF outflows continuing, market participants should monitor these developments closely for potential impacts on trading strategies involving both Bitcoin and Ethereum.
Source (3.2)https://cryptobriefing.com/blackrock-bitcoin-coinbase-moves-post-etf-outflows/?rand=59535
