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Guavy AI Editorial Team••Sentiment: -2•Clout: 85

BlackRock Fuels Institutional Bitcoin Flows Amidst Market Volatility

BTCcoinbase

BlackRock's latest transaction has brought attention to institutional Bitcoin flows amidst a tumultuous market. On June 9, 2026, the investment management company transferred 3,966 BTC valued at $244.4M into Coinbase custody.

This move is part of BlackRock's pattern of institutional Bitcoin flows to Coinbase Prime for IBIT ETF operations. The transfer has sparked interest in the crypto market, particularly with regards to the ongoing bearish trend in Bitcoin's price.

The current market structure remains bearish, with Bitcoin's price sitting at $62,829.56 and resistance from EMA50 at $64,881.77 and EMA200 at $71,916.36. However, a golden cross on the MACD indicates mild momentum, and any test of upper band resistance could trigger a retracement toward lower band support.