BlackRock has deposited 7,048 Bitcoin-worth roughly $517 million-into Coinbase Prime. It is the largest single-day net BTC outflow for the asset manager, signaling surging institutional interest.
The transaction was flagged by blockchain tracker Lookonchain. Market observers view the move as a bullish signal, reinforcing confidence in Bitcoin’s trajectory above $68,000.
Polymarket prediction contracts now price a YES outcome for Bitcoin above $68,000 on May 28 at 99.8%, reflecting near-unanimous optimism among traders.
Analysts advise watching for additional large institutional flows and regulatory updates from key figures like Brian Armstrong and Changpeng Zhao.