An unknown person made a huge transfer of… $1.289 billion Fund shares BlackRock IBIT Outside the stock market, at a time when Bitcoin is struggling to maintain its stability in a context of bearish prices. This transaction was executed via what is known as a “dark pool”, i.e. transactions negotiated in complete confidentiality in order to avoid an immediate and sudden impact on the spot market price. This operation is the largest operation of its type ever observed in this area.
The move comes on a tough day for the market, as US Bitcoin ETFs saw net outflows of $336 millionextending the bleeding streak to seven consecutive days, the second longest period of decline since the funds launched in January 2024.
BlackRock IBIT sees massive $1.29 billion trade on dark pool
Huge $1.29 Billion Dark Pool Trade Tied to BlackRock’s Bitcoin IBIT $BTC The ETF crossed the Nasdaq on Tuesday.
The block trade involved nearly 29 million shares and briefly exceeded the fund’s typical daily trading volume.… pic.twitter.com/qOYvWvGWlx– BSCN (@BSCNews) May 27, 2026
The total value of losses during this period $1.88 billion. According to the data, he processed a box IBIT Only net recoveries amounted to $192.44 million On this day, sellers were clearly in control of the overall market dynamics.
For his part, he equalized Arthur Hayes He directly connects the recent Bitcoin price collapse to outflows from the IBIT fund, noting that $1.2 billion left Bitcoin spot funds in just three trading days. Pressures are currently mounting due to macroeconomic fragility, the liquidation of leveraged call positions and the collapse of core trade agreements.
Bitcoin Price Prediction: Are We Back Above $78,500?
Bitcoin is currently fluctuating in a range between… $75,000 and $78,000with a specified level $78,500 As a critical pivot point in the options market; It acts as a price barrier and structural marker for any near-term recovery attempts. The latest pullback represents a drop of around 7% from the $83,000 area, making it the sharpest weekly decline for Bitcoin since October 10 of last year.
In terms of on-chain data, demand signals look equally bleak. As an analyst pointed out in CryptoQuant Virtual demand hit its lowest level since the start of the year at -147,000 BTC. This is a number that reinforces the corrective price bias until buying volume rises again.
Technical readings of the Bitcoin chart indicate that the current price movement is a state of consolidation after the rejection of higher levels, within a broader descending channel that started from the all-time high of $126,000.
If IBIT fund flows reverse and inflows return sustainably, BTC price could regain the $78,500 level and target the $83,000 resistance. Historical precedent shows that reversal of fund flows often represents a local price floor. However, if the $75,000 level fails to provide support, the price could retest the sub-$70,500 levels seen during the recent selling wave.
BlackRock’s own analysis cites Federal Reserve policy uncertainty, debt reduction and liquidation of “large positions” as key drivers of volatility – factors that have yet to be fully resolved. Resistance to any recovery attempt is within a range $89,500 – $90,500with a more distant target approaching $93,300 – $95,500 If the momentum returns.
Bitcoin Hyper Project Targets Early Growth Opportunities
When the market’s largest asset drops 7% in two weeks, traders begin to reassess the exceptional growth opportunities. Even though buying Bitcoin at $75,000 offers the possibility of a recovery, the question remains: how far will this recovery go?
Even a return to $95,000 is only a 26% move. Here, the role of early stage infrastructure projects that aim to address the expansion limitations of the Bitcoin network appears as a completely different option.
The Bitcoin Hyper ($HYPER) project places itself at the heart of this gap; It is the first Layer 2 of Bitcoin to integrate the Solana Virtual Machine (SVM), providing sub-second final transaction speeds and low-cost smart contract execution, while maintaining Bitcoin’s core security.
The idea of the project is based on removing fundamental bottlenecks of Bitcoin, such as slow transactions, high fees, and lack of programmability, without sacrificing the trust layer. The project has already managed to collect $32 millionwhere the current presale price is $0.0136807with storage rewards available to early participants and a decentralized bridge to process BTC transfers natively.
Research on the Bitcoin Hyper project presents a structurally different risk profile than purchasing Bitcoin for spot at current prices.
BlackRock’s huge $1.2 billion transfer amid Bitcoin swings appeared first on Cryptonews Arabic.