BlackRock sent another 4917 BTC ($301M) to Coinbase Prime, lifting its four-day deposits to 20359 BTC ($1.22B) and underscoring continued custody flows for its IBIT ETF.

BlackRock acts as fiduciary for institutions and individuals seeking financial well-being, routing client Bitcoin through established prime brokerage arrangements with Coinbase.

Bitcoin trades at $61313.67 testing upper Bollinger resistance at $61333.24 while the 50-EMA at $60460.22 offers immediate support and the MACD golden cross keeps the broader structure bullish; neutral RSI at 59.7 suggests room for continuation before any pullback to the 200-EMA at $65075.26. Traders tracking BTC price prediction models now weigh these custody moves against potential crypto market crash scenarios and AI industry impact on institutional allocation flows.