BlackRock ETF Wallets Move $49M in Crypto to Coinbase Prime
- Flow Overview: Arkham data reveals that BlackRock ETF wallets transferred 8,513 ETH (approximately $19.14 million) and 416.654 BTC (around $29.86 million) to Coinbase Prime, totaling about $49 million, indicating heightened institutional activity.
- ETF Operational Model: The transfers were executed via BlackRock's spot Ethereum ETF ETHA and Bitcoin ETF IBIT, underscoring how ETF vehicles are becoming the primary channel for institutional-sized investments, thereby enhancing their influence in the crypto market.
- Market Reaction Mechanism: These fund flows illustrate BlackRock's ongoing pattern of large ETF-related reallocations through Coinbase Prime, with market reactions becoming increasingly sensitive to these movements as macro signals shift.
- Institutional Trading Platform: Coinbase Prime serves as BlackRock's main operational venue, offering segregated custody, block trading, and reporting tools tailored for ETF issuers and large asset managers, further solidifying its position in institutional trading.
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Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM). As of , Arkham (ARKM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0767 | 0.0839 | 0.0907 | 0.0979 | 0.105 | 0.112 | 0.119 |
| Fibonacci | 0.0839 | 0.0892 | 0.0925 | 0.0979 | 0.103 | 0.107 | 0.112 |
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