An analysis claims that BlackRock’s IBIT dark pool trades were about $1.3 billion, with roughly 29.2 million shares sold. This caused Bitcoin to fall from about $77,875 to $75,600 within 10 minutes, becoming the largest IBIT dark pool trade in its history. The sell order size was 22 times that of the second-largest sell order the next day. Meanwhile, U.S. spot ETFs continued to see net outflows, with IBIT recording a daily net outflow of about $192 million. Jane Street and Goldman Sachs both reduced their Bitcoin ETF holdings, indicating that institutions are lowering their risk exposure.

MeNews

2026-05-27 05:20:17

Abstract generation in progress

ME News Report, May 27 (UTC+8), analysts stated that a $1.3 billion BlackRock Bitcoin ETF (IBIT) dark pool trade may be related to Bitcoin's recent rapid decline. Data shows that a trader sold 29.2 million shares of IBIT in a single transaction on the dark pool market at 14:30 UTC, with a transaction size of approximately $1.3 billion. After the trade was completed, Bitcoin's price quickly dropped from $77,875 to $76,720 within 10 minutes, then further declined to around $75,600. Galaxy Digital research head Alex Thorn said this is the largest IBIT dark pool trade he has seen. Bloomberg ETF analyst Eric Balchunas also pointed out that this sell order exceeded the size of the second-largest IBIT sell order of the day by 22 times. Meanwhile, US spot Bitcoin ETFs have experienced net outflows for eight consecutive trading days, with total outflows exceeding $2 billion since May 14. Specifically, IBIT saw a net outflow of about $192 million on Tuesday. Additionally, Jane Street reduced approximately 70% of its Bitcoin ETF holdings in the first quarter, and Goldman Sachs also cut about 10%, indicating some institutions are reducing their risk exposure to Bitcoin ETFs. (Source: BlockBeats)

IBIT-0.34%

BTC-1.2%

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SugarMarketMaker

· 3h ago

192 million net outflow, the ETF narrative needs to pause.

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0xCandleQuiet

· 3h ago

Institutions reduce risk exposure; after the halving, the positive sentiment is exhausted and turns negative.

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ExitLiquidityStan

· 3h ago

29.2 million shares of dark pool sell-off, market makers are retreating

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ReorgPanicButton

· 3h ago

Institutional shipments are 22 times higher than usual; who can withstand this selling pressure?

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Front-RunningArbitrage

· 3h ago

Dark pools are opaque for this very purpose.

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LendingPoolObserver

· 4h ago

IBIT's largest single-day outflow in history, institutional consensus is collapsing

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NonceCollector

· 4h ago

Goldman Sachs reduces holdings + US ETF net outflows, macro sentiment turns bearish

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AutumnTranquility

· 4h ago

BlackRock is also adjusting its holdings, faith recharge failed

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GateUser-c3de680b

· 4h ago

77k to 75k in just ten minutes, leverage long liquidations trigger a chain reaction

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BlackVelvetBluePeony

· 4h ago

1.3 billion dark pool trades, retail investors are once again squeezed out.

View OriginalReply0

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Analyst: $1.3 billion IBIT "dark pool" sell-off may trigger rapid BTC decline

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