{"id":607670,"date":"2026-06-01T08:52:46","date_gmt":"2026-06-01T08:52:46","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/01\/nydig-suggests-1-3b-ibit-sale-was-whale-exiting-directional-trade\/"},"modified":"2026-06-01T08:52:46","modified_gmt":"2026-06-01T08:52:46","slug":"nydig-suggests-1-3b-ibit-sale-was-whale-exiting-directional-trade","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/01\/nydig-suggests-1-3b-ibit-sale-was-whale-exiting-directional-trade\/","title":{"rendered":"NYDIG suggests $1.3B IBIT sale was whale exiting directional trade"},"content":{"rendered":"

\"NYDIG<\/p>\n

NYDIG\u2019s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock\u2019s IBIT last week.<\/p>\n

A $1.26 billion block trade in BlackRock\u2019s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG.<\/p>\n

On Tuesday, an unknown trader sold 29.2 million shares<\/a> of BlackRock\u2019s IBIT on a dark pool, a private trading platform that institutions use to discreetly make large trades outside public markets, sparking speculation about who made the trade and why.<\/p>\n

Cipolaro said<\/a> in a research note on Friday that several indicators were \u201cconsistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind.\u201d<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

NYDIG\u2019s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock\u2019s IBIT last week. A $1.26 billion block trade in BlackRock\u2019s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a […]<\/p>\n","protected":false},"author":1,"featured_media":607671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-607670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/607670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=607670"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/607670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/607671"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=607670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=607670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=607670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}