BUSINESSCOINTELEGRAPH
NYDIG suggests $1.3B IBIT sale was whale exiting directional trade
NYDIG’s Greg Cipolaro suggests a $1.3B sale of BlackRock’s IBIT occurred at a below-market price, with the seller forgoing millions in potential gains for immediate execution, indicating a large directional holder exited a trade. The analysis implies the transaction may have been driven by a whale liquidating a position.
Related Signal
Adjacent reporting
- Ethereum whale opens $100M short as Vitalik Buterin vows to 'sell less ETH'
- A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor
- Ethereum under $2K: ETH whales sell as retail remains bullish
- HOLY a whale just opened a $42M ETH short. could this be insider activity?
- XRP price in ‘value zone’ near $1.40 as whales pull $170M from exchanges
- Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade