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BlackRock Deposits 54,096 ETH and 2,015 BTC to Coinbase Prime

BlackRock has made a substantial move by depositing 54,096 ETH, valued at $131.7 million, and 2,015 BTC, worth $153.8 million, into Coinbase Prime. This significant investment highlights the growing institutional interest in cryptocurrencies, as reported by the influencer @lookonchain. Such deposits can potentially influence market dynamics and trader sentiment moving forward. Breaking It Down The recent deposit by BlackRock comes at a time when the broader crypto market displays mixed signals, with varying momentum across major assets. BlackRock’s action, totaling approximately $285.5 million, underscores a notable commitment to Ethereum and Bitcoin, two leading cryptocurrencies. The implications of this deposit could resonate throughout the market, potentially attracting further institutional investments and influencing trading strategies. Quick Take BlackRock deposited 54,096 ETH and 2,015 BTC to Coinbase Prime on September 17, 2026. The total value of the deposit is around $285.5 million. This transaction indicates strong institutional interest in digital assets. Such large deposits can affect market liquidity and trader sentiment. The actions of major players like BlackRock are closely watched by investors. By the Numbers As of now, the broader cryptocurrency market is experiencing fluctuating dynamics, with major cryptocurrencies showing varying momentum. BlackRock’s substantial deposit into Coinbase Prime adds a layer of institutional credibility to the crypto landscape. This could lead to increased market participation by other institutional players, further shaping the trends in the crypto market. BlackRock is one of the world’s largest asset management firms, focusing on investments across various asset classes including cryptocurrencies. As a prominent player in the financial landscape, any significant investment activity from BlackRock garners attention and can set trends in the market, particularly in the growing sector of digital assets. What Traders Are Watching Next Traders should keep an eye on potential follow-through from BlackRock’s deposit, as it may encourage other institutional players to enter the market. The significant liquidity added by such deposits can lead to price stabilization or upward movements in ETH and BTC. Analysts will be watching for any shifts in trading volumes or market sentiment as the impact of this deposit unfolds.

TITradingView Ideas17 Sept
  • favorable toward BlackRock · 82%

Blackrock and Visa Now Validate Circle’s Arc; So Do Two XRP Ledger Partners

Circle has opened Arc’s public mainnet with 11 founding validators drawn almost entirely from traditional finance. At least two of them are also among Ripple’s closest commercial partners. The Validator List Reads Like a Bank Directory Arc’s genesis validator cohort is Blackrock, the Depository Trust and Clearing Corporation (DTCC), Galaxy, Global Payments, Intercontinental Exchange (ICE), […]

Bitcoin.com NewsBitcoin.com News•Shiraz Jagati16 Sept
  • favorable toward Circle · 72%

CRCL | Weekly Structure | Wave 2 Pullback Into Add Zone

Thesis: CRCL is currently going through what I view as a Wave 2 pullback after the initial post-IPO advance. I started building the position in early August and I am now looking to continue adding through this correction. As long as the current structure remains constructive, I see this pullback as part of the normal development of the larger bullish cycle, with approximately $230 as my first major target and the $280-$300 area as the second. Context - Weekly timeframe - CRCL is part of my broader long-term thesis around stablecoins, digital assets and the tokenization of finance - I started building the position in early August with my first entry around $60.70 - I continued adding through August and my current average is approximately $64.50 - Circle is the company behind USDC and is increasingly building infrastructure around institutional onchain finance - Arc is designed as financial-market infrastructure for payments, settlement and tokenized assets - Its founding validator group includes institutions such as BlackRock, DTCC, ICE, Mastercard, Standard Chartered and Visa - CRCL fits naturally alongside my existing exposure to BTC, ETH and COIN What I see - The first major impulsive move from the lows looks like a Primary Wave 1 - Price is now correcting in what I currently count as Primary Wave 2 - The pullback is moving back through the main Fibonacci retracement levels of the first advance - The 0.382 Fib sits around $86 - The 0.5 Fib sits around $80 - The 0.618 Fib sits around $75 - This is the type of corrective structure I prefer to use for accumulation rather than chasing price after an impulsive move - The objective now is for price to establish support and eventually complete Wave 2 What matters now - The $75-$80 area is the first important support zone I am watching - A deeper Wave 2 would not automatically invalidate the larger bullish structure - I want to see the correction remain controlled and eventually develop a clear base - Once Wave 2 is complete, the next important confirmation will be a move back through the recent highs - That would strengthen the case that Primary Wave 3 is underway - Until then, patience matters more than trying to predict the exact bottom Buy / Accumulation zone - I started building CRCL in early August with my first entry around $60.70 - I continued adding through the month and my current average is approximately $64.50 - I plan to continue using DCA while the Wave 2 structure remains constructive - I prefer building during corrections rather than chasing strength - The current retracement is therefore an area I am watching for further additions - My horizon for this position is long term and tied to the broader development of stablecoins and tokenized financial infrastructure Targets - First support area: approximately $75-$80 - Wave 1 high / breakout area: approximately $110-$120 - Primary Wave 3 target: approximately $230 - 0.786 Fib reference: approximately $233 - Primary Wave 5 target area: approximately $280-$300 - Current 1 Fib reference: approximately $281 Portfolio note CRCL is not a standalone trade for me. It is part of a broader investment theme I am already expressing through BTC, ETH and COIN: the gradual migration of financial infrastructure toward regulated digital assets, stablecoins and tokenized markets. Circle sits directly inside that transition through USDC and, increasingly, through the infrastructure it is building around Arc. That fundamental thesis is why I am comfortable approaching the chart with a longer time horizon. I already started building the position near $60.70 and continued accumulating through August. The current correction does not change that thesis for me. For now, I am treating this as a Wave 2 pullback and looking for opportunities to add gradually while the larger structure remains intact. If the count develops as expected, approximately $230 is my first major upside target, with the $280-$300 area as the next larger objective.

TITradingView Ideas16 Sept