Ji a boundary news reports that Blackstone made a transaction worth approximately $1.29 billion on May 26 in Bitcoin ETF news, selling 29 million shares of Blackstone’s iShares Bitcoin Trust. This was the largest transaction in IBIT’s fifteen-month history. After that, the price of Bitcoin fell by nearly 5%, stabilizing between $73,000 and $74,000. Analyst Alex Thorn said that this transaction shows that Bitcoin’s institutional market infrastructure is strong enough to absorb shocks that could lead to a 20–30% drop. The key level is $74,500; if it cannot be reclaimed, the next target will be $70,000.

IBIT0.07%
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PuddingMarketMaker
· 6h ago
5% is just a tiny fluctuation, back in 2021 it was already down -20% at this time.
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RetroRadioSignal
· 7h ago
It's just institutions taking profits; retail investors, don't panic.
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FragmentGlowFlower
· 9h ago
It all depends on tonight's US stock market opening; ETF capital flows are the real indicator of the trend.
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GateUser-4590f4c6
· 05-29 14:08
Alex Thorn’s analysis is quite interesting—at this scale, it would have already gone into a waterfall drop.
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LightsInTheMistyValley
· 05-29 14:03
If you can't hold 74.5k, then look at 70k; I've already placed a ladder order.
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KiteStringQuant
· 05-29 13:57
1.29 billion sell-off only drops 5%? This carry-through strength is indeed solid—institutional orders are holding steady.
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MevStreetPhotographer
· 05-29 13:50
Blackstone's own ETF is crashing itself, left hand to right hand?
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Paper-SculptedOctopusPool
· 05-29 13:49
IBIT's largest single transaction in fifteen months, a historic milestone.
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