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BlackRock Dumps $226M into Coinbase

Massive $226M BTC and ETH deposit to Coinbase signals potential selling pressure. Short BTC here until we reclaim the high.

Marcus Vega·Jun 27, 2026·1 min read
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Short BTC

BlackRock just dumped 2,700 BTC and 42,000 ETH into Coinbase. That’s $226M of supply hitting the exchange – you don’t do that unless you plan to sell.

I’m short BTC here at $60,110. Stop above the recent range high at $61,000. Target the low end near $58,000. If we reclaim $60,760, I’m wrong, but until then gravity is down.

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