Blockbeat reported that while a large-scale sell-off transaction of approximately $1.3 billion occurred in BlackRock's spot BTC ETF (IBIT), evaluations of the transaction are sharply divided. Many traders assessed, "This is a large-scale sell-off by institutional investors, not individual investors," adding, "As Coinbase's BTC premium records negative for 21 consecutive days and outflows from ETFs continue, smart money is quietly exiting." However, some traders diagnosed, "The market has digested this well. Despite selling pressure from large transactions, only about $192 million flowed out of IBIT on this day. It's far from a crash," and "Bitcoin maintaining above $75,000 suggests a significant increase in institutional-level liquidity. It's not an institutional fund outflow but a rotation."
