BlackRock transferred 1,978 BTC ($123.66M) and 14,244 ETH ($23.84M) into Coinbase on June 5, 2026.

The deposit arrives while BTC price sits at $62,217.17 inside a bearish structure, with price below both EMA50 at $69,033.36 and EMA200 at $74,456.84.

RSI at 25.45 signals oversold conditions and MACD confirms a death cross at -2,292.52. Price remains inside the Bollinger Bands, testing near lower support at $60,776.63 while upper resistance sits at $69,910.95. Institutional flows into Coinbase often precede custody shifts or ETF rebalancing, yet the 4h confluence points to continued pressure until a reclaim of the 50-EMA occurs.