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A MYSTERY TRADER JUST DUMPED $1.3B OF BLACKROCK’S IBIT — AND BTC INSTANTLY CRASHED
Yesterday, a massive dark pool sell order quietly hit the market:
- 29.2M shares of IBIT
- Worth roughly $1.3 BILLION
Just 10 minutes later:
- BTC dropped from $78K → $76.7K
- Then continued sliding to $75.4K
- Nearly -3% wiped out in 24 hours
Alex Thorn from Galaxy Digital called it the largest dark pool ETF sell order he has ever seen.
Eric Balchunas from Bloomberg confirmed the trade was 22x bigger than the second-largest IBIT sell of the day.
Even more alarming:
- Bitcoin ETFs saw -$333.6M net outflows yesterday
- IBIT alone accounted for -$192.4M
- Marking the 8th straight negative session
The market is starting to realize something dangerous:
When ETF money turns into selling pressure… the entire crypto market feels the shockwave.
#OKXPizzaDay
#ETFRotation
$BTC $ETH
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