Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade
Crypto
A whale sold $1.29 billion of BlackRock's IBIT in a dark pool trade, part of a broader ongoing outflow from U.S. spot bitcoin ETFs. The sheer size of the block, combined with continued sector-wide redemptions, creates a near-term headwind even if the dark pool structure limits immediate price impact.
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↓ SHORT-5% target+4% stop1-2 weeks tactical
Short IBIT tactically — $1.29B dark pool exit signals institutional distribution during an ETF outflow cycle; target a flush toward $41.