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Crypto

BlackRock Moves $16 Million in Crypto to Coinbase Prime

Guavy AI Editorial Team
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BlackRock, a major financial services company, has moved a significant amount of cryptocurrency to Coinbase Prime. According to on-chain alerts from OnchainLens, BlackRock transferred 249.16 BTC (~$15.65M) and 301.76 ETH (~$566K) from its IBIT and ETHA wallets to Coinbase Prime.

The transfer occurred just three hours ago, and the Bitcoin price is currently testing lower Bollinger support near $62,705.03 while facing resistance at EMA50 resistance of $63,913.9.

Analysts often look for large institutional moves like this when making predictions about the cryptocurrency market. The transfer also feeds into broader crypto market crash scenarios and Bitcoin ETF flows tracking.

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