Bitcoin Fall Was Triggered By $1.3 Billion IBIT Dark Pool Sale
Cointelegraph
A massive $1.3 billion dark pool sale of BlackRock's IBIT ETF shares coincided with a sharp decline in Bitcoin's market price.Summary
An unknown trader executed a $1.3 billion sale of 29.2 million shares in BlackRock’s iShares Bitcoin Trust (IBIT) via a dark pool, a private platform used for large institutional trades. This transaction, identified by Galaxy Digital’s Alex Thorn as exceptionally large, triggered an immediate 1.5% drop in Bitcoin's price. The event coincides with a broader trend of institutional cooling, marked by eight consecutive days of net outflows from US spot Bitcoin ETFs totaling over $2 billion since mid-May.
(Source：Cointelegraph)