Whale Dumps $1.2B BTC ETF
Crypto markets reacted to one of the largest ETF trades of the year after an unknown investor sold around $1.29 billion worth of BlackRock’s IBIT Bitcoin ETF shares through a dark pool transaction. The sale came during continued outflows from U.S. spot Bitcoin ETFs and increased pressure on BTC prices.
Analysts say the move reflects cautious institutional sentiment amid macroeconomic uncertainty and expectations around future Federal Reserve policy. Despite the volatility, traders continue using Bitcoin price swings for active market opportunities. With xbit.money, users can exchange BTC and other cryptocurrencies quickly at live market rates.