BlackRock has withdrawn 1,104.45 BTC (~$71.40M) from Coinbase Prime to its IBIT Bitcoin ETF wallet.
This move is seen as a tightening of exchange reserves amid spot bitcoin ETF inflows.
The price action on the 4h chart shows BTC 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.
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