BlackRock Dumps $226M into Coinbase

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.