🚨 A massive $1.3B IBIT transaction may have triggered Bitcoin’s sharp intraday drop.



An unknown trader reportedly sold around 29.2 million shares of BlackRock’s Bitcoin ETF (IBIT) through a dark pool transaction.

Shortly after:

📉 BTC fell from $77.8K to $76.7K within minutes
📉 Selling pressure extended toward the $75.6K area
📉 Bitcoin ETFs have now recorded multiple consecutive days of net outflows

The key question is whether this is:

🔹 A temporary institutional rebalance
or
🔹 The beginning of broader risk-off positioning?

While one large sale doesn’t change Bitcoin’s long-term thesis, persistent ETF outflows could increase short-term volatility.

💭 Are ETF outflows creating a buying opportunity, or is more downside ahead for BTC?
$BTC
IBIT-1.98%
BTC-1.6%
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