CryptoBearishBitcoinist · 4h ago7/10
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NYDIG Says $1.3 Billion IBIT Trade Reveals Urgent Bitcoin ETF Exit
NYDIG analysts identify a $1.26 billion off-exchange sale of BlackRock's IBIT spot Bitcoin ETF as a likely forced exit by a major holder rather than a routine basis trade. The May 26 block trade included a $29.5 million discount, signaling urgency and potential market stress among institutional Bitcoin holders.
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