IBIT Whale Dumps $1.3B Below Market — Short BTC Near-Term

An unknown trader dumped $1.26 billion worth of BlackRock's spot Bitcoin ETF last week in a single block, selling 29.2 million IBIT shares on a dark pool at $43.16 — a full dollar below the $44.17 market price. That means the seller voluntarily gave up $29.5 million just to get out immediately. NYDIG's Greg Cipolaro says the below-market execution and use of a private platform point to a large directional holder exiting a concentrated position, not a basis trade unwind or routine rebalancing. Bi