Giao dịch Dark Pool 130 triệu IBIT gây ra tranh luận về việc tổ chức rút lui hay thị trường đã trưởng thành

The Huoxing Finance report states that on May 27, a dark pool block trade of approximately 29.2 million shares, worth $1.3 billion, in BlackRock’s IBIT sparked widespread discussion among crypto traders this morning. The trade temporarily caused Bitcoin’s price to drop more than 2%, with divergent opinions emerging on the X platform. · Bearish sentiment dominated: “This isn’t retail exit—it’s institutional distribution.” Multiple traders noted this was one of the largest IBIT dark pool trades they had ever seen, with a single candle’s volume exceeding IBIT’s daily average. Coupled with Coinbase’s premium remaining negative for 21 consecutive days and sustained ETF outflows, “smart money is quietly exiting.” · Fragility of leveraged markets: German trader CryptoWallSt analyzed that the large dark pool order does not equate to BlackRock selling Bitcoin; rather, it reflects market makers hedging by selling in futures, perpetual, and spot markets, triggering overreactions in leveraged positions, cascading liquidations, and algorithmic follow-through. “A single institutional event is enough to trigger panic, exposing extreme market leverage.” · Neutral/optimistic interpretation: Some traders emphasized that “the market absorbed it well” (quoting Eric Balchunas), with Bitcoin holding above $75,000, indicating significantly enhanced institutional-grade liquidity. “Institutional capital is rotating, not leaving.” Additionally, some noted institutional purchases of $45 IBIT call options expiring in December 2026 (nearly $1 million in inflows), suggesting that while some large players are hedging, they remain long-term bullish. Despite the heavy selling pressure, IBIT recorded only about $192 million in outflows for the day—far from a “crash”—highlighting Bitcoin’s ongoing transition toward a mature institutional asset class.