BlackRock Transfers Over $237 Million in Digital Assets to Coinbase

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 29 2026

Explore Agentic TradingLet AI Trade for You

Large Transfer Activity: BlackRock transferred 2,448 BTC valued at approximately $180 million and 28,683 ETH worth $57.62 million to Coinbase, totaling over $237 million in digital assets, indicating its active engagement in the digital asset space.
Ongoing On-Chain Activity: According to OnchainLens, BlackRock has executed similar large transfers from multiple wallets throughout 2026, and while the exact ownership of these wallets has not been officially confirmed, their association with the firm's crypto-related activities raises interest.
Growing Institutional Investment: BlackRock's iShares Bitcoin Trust (IBIT) commands around $67 billion in assets under management, making it the leader in the Bitcoin ETF space, with institutional interest continuing to grow, as evidenced by Bank of America's increased exposure to IBIT to approximately $37 million in Q1 2026.
Market Focus: Within the IBIT complex, a $1.29 billion dark pool block trade occurred on May 26, marking the largest single institutional Bitcoin ETF print on record, highlighting the market's keen interest in BlackRock's crypto asset management strategies.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like BTC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	44643.77	51887.34	60103.63	67347.2	75563.49	82807.06	91023.35
Fibonacci	51887.34	57793.007	61441.533	67347.2	73252.867	76901.393	82807.06

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on BTC?

Get Started Free