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NYDIG Suggests $1.3B IBIT Trader Wanted Quick Exit
NYDIG head of research Greg Cipolaro says a $1.26 billion IBIT block trade was likely a whale exiting a directional Bitcoin position.
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coindesk.com
Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says
NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
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cointelegraph.com
NYDIG Suggests $1.3B IBIT Trader Wanted Quick Exit
NYDIG head of research Greg Cipolaro says a $1.26 billion IBIT block trade was likely a whale exiting a directional Bitcoin position.