KralFahd

$BTC $ETH $BNB Tuesday: an unknown investor executed a single $1.29 billion block sale of BlackRock’s IBIT in a dark pool the largest trade of its kind according to Galaxy’s Alex Thorn. This massive sell-off contributed to heavy outflows across U.S. spot Bitcoin ETFs, which saw $334 million in net redemptions on the day. Over the past two weeks, investors have pulled out a total of $2.26 billion, marking the second-longest outflow streak since ETFs launched in 2024. IBIT itself recorded $192 million in net redemptions. While dark pool trades are private and don’t always move the price immediately, such a large exit from a major holder raises questions about near-term sentiment. Bitcoin has pulled back to under $77,000 from recent highs above $82,000, reflecting the pressure from sustained ETF outflows. #TradersShiftBTCToStablecoins