Bitcoin just absorbed a single $1.3B IBIT block trade with barely any price movement
CryptoSlate
A massive $1.26 billion IBIT block trade was processed on the secondary market with minimal impact on Bitcoin's price.Summary
A record-breaking $1.26 billion block trade involving 29.2 million IBIT shares was executed on the secondary market with negligible price volatility. The trade highlights the maturity of Bitcoin's institutional infrastructure, as the market successfully absorbed the volume without triggering significant repricing. Whether this event leads to direct selling of underlying Bitcoin depends on whether it results in basket redemptions by authorized participants, which remains to be confirmed by upcoming flow data.
(Source：CryptoSlate)