ARK Sells Coinbase, Buys Bullish: BTC Rise

WikiBit 2026-02-08 20:01

Cathie Wood's ARK Invest reduced its position by selling Coinbase shares from multiple exchange-traded funds (ETFs) on Friday. 92.737 shares from ARK

Coinbase shares closed Friday up by 13%. Source: Google FinanceBitcoin Rose 15% in the Last 15 Hours: Market Revival

In recent developments, BTC detailed analysis is critical: BTC rose 15% in the last 15 hours, climbing from 60,000 dollars above 68,000$. Current price 70.882$, +4.36% in 24 hours. This rally is believed to have triggered ARKs moves; despite Coinbase sales, BTC recovery boosted investor confidence.

BTC Technical Analysis: RSI 33.72 and Strong Supports

Level	Price	Score	Distance
S1 Support	60.000$	68/100 ⭐	-14.85%
S2 Support	65.926$	66/100 ⭐	-6.44%
R1 Resistance	72.063$	75/100 ⭐	+2.27%
R2 Resistance	75.549$	63/100 ⭐	+7.21%

RSI 33.72 (Oversold), despite downtrend and bearish Supertrend, below EMA20 at 79.061$. BTC futures could increase volatility. 60K is strong support; if broken, 8K scenario (MSTR debt risk) could come into play.

Garrett Jin Deposited 5,000 BTC (351M$) into Binance

Parallel news: Garrett Jin deposited 5,000 BTC into Binance. This institutional entry supports ARKs rotation. ETH and altcoins are also affected by the BTC rally.

ARK Funds and Crypto Market Risk Analysis

ARKK/ARKW/ARKF: Poor performance compared to BTC/ETH due to Coinbase sales.
Bullish: 10% rise despite losses, growth signal.
Risk: Like Phongs warning, if BTC drops to 8K, debt burden increases ($MSTR/$IBIT).

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

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