The dark pool transaction of 29 million shares in IBIT, if the buyers can handle it, indicates there is support on the spot side, and short-term selling pressure is locked in the pool.

CoinJie.com news: Blackstone’s IBIT completed a dark pool trade worth $1.29 billion, involving nearly 29 million shares. The transaction volume was approximately 16,400 bitcoins, and the trade was completed by 10:30 a.m. Eastern Time. Despite the massive scale of the trade, the price of Bitcoin remained above $75,900, surprising many traders. Market analysts noted that the trade took place in a dark pool, a private trading venue that allows large investors to buy and sell large positions without immediately affecting public market prices. Dark pool trades typically involve both a seller and a buyer, meaning that although one party may reduce its position, the other party simultaneously purchased the entire $1.29 billion stake, resulting in little to no direct sell pressure on the Bitcoin market.