Some individuals pay $29m in execution fees to offload $1.26 billion in Bitcoin exposure in ONE trade. This was a major IBIT trading block last week that sent shockwaves through the market. NYDIG analyzed the trade and concluded that this is not a strategy. It’s a large investor looking to exit quickly and willing to pay for



the right.

Bitcoin has continued to fall since then. The US Bitcoin ETF has recorded outflows every day for two consecutive weeks.

No one knows who the identity is, but BTC has already dropped 5% since then.
BTC-3.92%
IBIT-2.02%
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