Onchain Lens reports ARK Invest transferred 265.13 BTC worth $19.85M from its Bitcoin ETF wallet to Coinbase, a move widely viewed as preparation to sell.
Analysis
ARK Invest shifted 265.13 BTC valued at $19.85 million from its ETF wallet to Coinbase, according to Onchain Lens data published November 9, 2026.
The address bc1q7p6676609efhqwje0y45lk0fl73we7u4265kcd shows the outflow from the fund’s holdings, consistent with prior patterns where similar transfers preceded sales into the market.
BTC trades at $74668.74 on the 4h chart inside a bearish structure defined by EMA50 at $76712.24 and EMA200 at $79894.94. MACD sits at -648.73 after a death cross while RSI at 39.74 remains neutral. Price is testing the upper Bollinger Band at $76851.32 with lower support at $74246.5; the confluence of resistance overhead and the death cross points to a likely retracement toward the 50-EMA before any sustained move lower.
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